China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world's largest auto market.

Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for Independence Day.

Xiaomi unveiled its Pad 7 and Pad 7 Pro tablets in China back in October 2024, and while the standard Pad 7 just made its global debut at MWC 2025, the lineup might not be done expanding. According to recent leaks,

Just days after revealing the 15 Ultra in China, Xiaomi has announced a UK and European launch for its latest flagship phone, together with the base Xiaomi 15. There’s no sign of the Pro model, but there is an array of tablets, earbuds, and fitness trackers appearing alongside the phones.

The Xiaomi 15 supports Powered Off Finding, which allows it to be located via Google Find My Device even when it's turned off.

Xiaomi, which produces smartphones and consumer electronics, delivered 135,000 E.V.s last year after tapping China’s robust manufacturing supply chain. By Meaghan Tobin and Claire Fu Meaghan ...

Xiaomi, the Chinese smartphone maker that has made a successful charge into electric vehicles (EVs), entered the luxury segment of that market on Thursday with the official launch of the SU7 Ultra, its most premium model so far.

The company’s new flagship just launched in China with a 200-megapixel periscope camera.