Xiaomi Unveils YU7 SUV and Announces Mass Production of 3nm Chip Xring O1

Xiaomi will officially unveil the YU7, its first SUV, on May 22, potentially reshaping China's electric SUV market. Xiaomi has been making strides in the EV sector, delivering over 28,000 units in April, marking its seventh consecutive month of growth. Additionally, Chairman Lei Jun announced that the self-developed 3nm chip Xring O1 has entered mass production, with Xiaomi planning to invest at least 50 billion yuan ($6.9 billion) in this endeavor, leading to a 4% rise in its stock.

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Xiaomi Stock Rises 4% After Chairman Lei Jun Says Self-Developed 3nm Chip Xring O1 Has Entered Mass Production