Smartphones lose momentum in Xiaomi's accounts, as the company looks to electric cars as its new business
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Smartphones lose momentum in Xiaomi's accounts, as the company looks to electric cars as its new business

El Periódico Mediterráneo - General28 August 2026 at 07:00

Smartphones are losing momentum in Xiaomi's financial results, leading the company to look at electric cars as its new main business.

The Chinese technology company, mainly known for its mobile phones, is redirecting its business strategy to the automotive sector.

Current times are ones of change and this undoubtedly affects the automotive sector, which is undergoing a significant transformation.

Companies that just a few years ago had little or nothing to do with the automotive sector are now redirecting their business strategies to this area.

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