Smartphones

Xiaomi’s core smartphone business is humming along as the company invests in its EV business by acquiring self-driving startup Deepmotion.

Company rides on bold handset drive, but possible US sanctions loom as a threat.

After surpassing Apple in Q2, Xiaomi overcame Samsung, hit with production disruptions in Vietnam, to reach the world’s top position in June.

Wingtech announcement comes weeks after British PM said deal was being reviewed.

Overall sales for smartphones grew 49% compared to the same period last year, as they are used for essential activities like home-based learning and electronic payments.

Founder and CEO Lei Jun set a target for his company to surpass Samsung and become the world’s most popular smartphone company.

Delayed P50 launch comes as the company struggles to secure chips.

After gaining independence from Huawei, Honor is now released from tech restraints, free to flex its muscles, and ready to make a name for itself in the highly-contested Chinese smartphone sector.