Xiaomi

Xiaomi is a prominent Chinese technology company that has recently gained significant attention for its expansion into the electric vehicle (EV) market. The company's SU7 model is being touted as a "Tesla killer" due to its strong sales performance in China, surpassing Tesla's Model 3 in deliveries. This success underscores China's growing capabilities in the premium EV sector and contributes to national pride. Xiaomi's rise reflects the increasing presence of private sector enterprises, particularly technology firms involved in AI, among China's top listed companies. The company's products, including EVs, are contributing to China's substantial trade surplus. However, Xiaomi, along with other smartphone makers, faces regulatory challenges, such as in India, where the government is mandating the preloading of a state-owned cybersecurity app on new devices.