Discover Xiaomi’s remarkable expansion in smartphones and electric vehicles, showcasing cutting-edge innovation and market leadership.
Xiaomi’s smartphone shipments have reached 43.3 million units globally this quarter, marking a consistent growth streak over nine quarters. The brand holds the third position globally and is the second leading brand in China. With personal revenue piling up to $6.5 billion just from smartphone sales, Xiaomi’s progress is particularly noteworthy in the $550-850 price range. This segment alone represents 18.9% of total shipments, reflecting a 5.6-point year-on-year gain.
The Xiaomi 17 series has shown exceptional performance, recording a 30% surge compared to its predecessor, the Xiaomi 15. Predominantly, over 80% of the series’ sales are from the 17 Pro and 17 Pro Max models, whereas, the standard Xiaomi 17 contributes less than 20%.
In the dynamic market of wireless headphones, Xiaomi reigns supreme in China and secures the second spot worldwide. For tablets, it holds the fifth place globally and third in China, underscoring its expansive market presence. Significantly, Xiaomi’s smart home ecosystem has reached a groundbreaking milestone by surpassing 1 billion IoT connected devices.
Xiaomi’s electric vehicle unit has finally registered profitability, with quarterly deliveries exceeding 100,000 units, a remarkable increase from the 81,302 units in the previous second quarter. In October alone, they delivered 40,000 vehicles, highlighting a significant uptrend. Notably, Xiaomi YU7 emerged as China’s leading SUV in October.
The company’s sustained focus on research and development is evident with an investment of $3.31 billion in R&D over the first three quarters of the year. Their dedicated R&D team has grown to encompass 24,871 professionals, marking the highest in Xiaomi’s history.
