Xiaomi Group posted Q1 2026 revenue of 99.1 billion yuan, down 10.9% year-on-year, while adjusted net profit fell 43.1% to 6.1 billion yuan — the first time both metrics have declined simultaneously in recent years. The company's automotive segment recorded a 3.
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China's total EV charging infrastructure grew 45% year-on-year to exceed 22.5 million units as of May 31, according to the National Energy Administration. Private chargers, which account for 78% of the total, grew at nearly twice the rate of public chargers.
Tencent has begun beta testing Xiaowei, an AI assistant embedded directly into WeChat's interface. With approximately 1.4 billion registered users, the integration gives Xiaowei instant reach that no standalone AI product in China can match.
Gotion unveiled seven new battery products at its 2026 Global Technology Conference, including an all-solid-state cell claiming 400 Wh/kg energy density. Despite rising to 5th in global rankings with 4.4% market share in January–April 2026, its stock has fallen more than 30% since April 22.