"Chinese smartphone company Xiaomi's founder Lei Jun was among those in attendance"
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"Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of April 20, close to the company's original full-year target for deliveries this year, CEO Lei Jun told investors Tuesday."
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"Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in the country - a price he acknowledged would mean the company was selling each car at a loss."
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"The company's car model, known as Xiaomi SU7, "is in trial production and it will hit the domestic market in a few months," CEO Lei Jun said in a Tuesday post on the X social media platform, formerly known as Twitter. "
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"CEO and founder Lei Jun said on Chinese social media Wednesday that Xiaomi would release its car in the first half of next year. "
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"Xiaomi's billionaire co-founder Lei Jun is leading a $10 billion electric vehicle project in hopes of turning the consumer electronics brand into a key player in China's EV market, where overseas brands including Tesla and BMW are already making inroads."
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"Tech tycoons Pony Ma, the chairman of Tencent Holdings Ltd., Xiaomi Corp.'s Lei Jun and Li Shufu, the founder of automaker Zhejiang Geely Holding Group Co., are delegates of the National People's Congress. "
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"Xiaomi Corp. co-founder Lei Jun handed over $2.2 billion of shares in the smartphone maker to two foundations and Meituan's Wang Xing gave away a $2.3 billion stake. "
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"Xiaomi Corp.'s Lei Jun and Meituan's Wang Xing have donated stakes worth $2.2 billion and $2.3 billion, respectively, to charity, which has partly contributed to their dented fortunes."
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"A stable smartphone business is key for Xiaomi's billionaire co-founder Lei Jun to execute on his electric vehicle ambition. "
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"Xiaomi Corp.'s co-founder Lei Jun said on the same day that technology companies should help close the digital divide and boost small and medium-sized enterprises, two of Beijing's long-standing policy pursuits."
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"Billionaire Xiaomi Corp. co-founder Lei Jun and Joyy Inc. Chairman David Li plan to take Joyy private in a deal that could value the livestreaming giant at up to $8 billion, Reuters reported, citing three unidentified people familiar with the matter."
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"Co-founder and Chief Executive Officer Lei Jun is now spearheading a drive to take Xiaomi beyond smartphones. "
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"In recent months, tech billionaires including Pinduoduo Inc.'s Colin Huang, Meituan's Wang Xing and Xiaomi Corp.'s Lei Jun have also donated sizable chunks of their personal fortune to social causes."
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"Huawei joined its car-making peers as an automotive supplier, while Xiaomi took a bolder move as its founder Lei Jun announced the company's car-making plan in its spring conference this year. "
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"On Tuesday, Xiaomi Chief Executive Officer Lei Jun declared his intention to overtake Samsung within three years."
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"It's just a beginning of Xiaomi's pursuit in the high-end market," CEO Lei Jun said during a livestreamed event."
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"In the latest example, Xiaomi Corp. co-founder Lei Jun handed over $2.2 billion of shares in the smartphone maker to two foundations, according to filings to the Hong Kong Stock Exchange. "
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"In a company memo to employees, co-founder Lei Jun said Xiaomi must "quickly consolidate the position," according to Bloomberg. "
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"Lei Jun was also in the news recently for donating the equivalent of $2.2 billion of his Xiaomi shares to charity - a move seen by many as an overture to the Chinese government, which has been cracking down on its most successful technology companies of late. "
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"Lei on July 13 donated 616 million Class B shares to the Xiaomi Foundation and the Lei Jun Foundation, according to filings to the Hong Kong Stock Exchange. "
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"Xiaomi Corp. co-founder Lei Jun donated $2.2 billion of shares in the smartphone maker to charity, joining other technology company chieftains in giving to philanthropy amid increased scrutiny on the industry."
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"Even Fan Bingbing, once one of China's top actresses before a high-profile tax scandal, and corporate cheftains like Xiaomi Corp.'s Lei Jun have turned to the medium to sell their products."
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"Billionaire co-founder Lei Jun is seeking new battlegrounds for the 11-year-old company that has already expanded from smartphones to a wide spectrum of consumer electronics, including smart TVs and laptops. "
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"Co-founded by billionaire entrepreneur Lei Jun more than 10 years ago, with U.S. chipmaker Qualcomm Inc. as one of the earliest investors, the company has insisted it's not owned or controlled by the Chinese military."
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"Billionaire co-founder Lei Jun in March announced his intention to lead a new standalone division and spearhead the drive into EVs, in what he called his final major startup endeavor."
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"The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next "major breakthrough" into global business -- selling stuff to consumers via its addictive short videos and livestreams. "
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"The investment talks come as Xiaomi plans to invest $10 billion over the next decade into manufacturing EVs, its billionaire co-founder Lei Jun announced last month. "
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"Yetpure outsourced smartphones were also a rarity when Lei Jun decided to turn that sector on its head."
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"According to the South China Morning Post, founder Lei Jun saidthat the first model will be either a sport utility vehicleor a sedan -ending any speculation that it could have beena sportscar or motorhome."
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"This isnot to say that Foxconn will end up being Xiaomi's manufacturing partner -other outsource carmakers already exist, including Magna International Inc. -but with a major contractor getting into the business, Lei Jun can be more confident than ever that there willbe a robust catalog of companies willing to do the heavy lifting."
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"Xiaomi Chief Executive Lei Jun will lead the new stand-alone subsidiary focused on electric vehicles, the company said Tuesday. "
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"Billionaire Xiaomi co-founder Lei Jun led a review of the EV industry's potential several months ago and a final decision to enter the arena was made in recent weeks, said another person familiar with the matter. "
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"Founded by billionaire entrepreneur Lei Jun more than a decade ago, Xiaomi has built a consumer electronics empire beyond smartphones. "
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"Also on its list were BYD Co. Chairman Wang Chuanfu, Xiaomi Corp. co-founder Lei Jun and Huawei Technologies Co.'s Ren Zhengfei."
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"U.S. chip maker Qualcomm Inc. was also one of the earliest investors in Xiaomi, which was co-founded by billionaire Lei Jun a decade ago. "
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"Xiaomi Corp.'s Lei Jun is the only major tycoon whose net worth has dropped in January. "
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"Xiaomi was co-founded by billionaire entrepreneur Lei Jun about ten years ago, with U.S. chipmaker Qualcomm Inc. as one of the earliest investors. "
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"Tencent's Pony Ma and Xiaomi Corp.'s Lei Jun are both delegates to the National People's Congress."
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"Xiaomi Corp. founder Lei Jun can finally rejoice after the Chinese smartphone maker's market value swelled past the $100 billion mark, a figure his company fell far short of when it listed two years ago."
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