- Xiaomi unveiled the Sky Nomad (Xiaomi Pengcheng) SUV series — extended-range plug‑in hybrid SUVs as it pushes deeper into cars beyond phones.
- The move comes as smartphone growth slows; Xiaomi says cars are now a revenue pillar but the auto business is costly and competitive.
- Its YU7 crossover has sold ~258,000 units in China (vs. ~471,000 Model Y), and Xiaomi plans to start selling cars in Europe next year — Lei Jun even calls the car a "second home."
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