Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomi’s EV business amid growing competition in the world's largest electric vehicle market.
Xiaomi Joins Rivals in Expanding EV Charging Access Across China
Xiaomi, a Chinese electronics manufacturer, has declared its intention to join the EV charging networks of NIO, XPeng, and Li Auto, three of its main competitors, Investing.com reports. Customers of Xiaomi's automotive company will be able to use more than 29,000 charging stations in China as a result of the collaboration.
On Wednesday, Xiaomi said on Weibo that its cars are now compatible with over 14,000 charging stations built by NIO, 9,000 by XPeng, and 6,000 by Li Auto. Additional information regarding the agreements was withheld by the company.
Strategic Partnerships to Maximize EV Charging Resources
These relationships are seen by CCB International analyst Qu Ke as a strategic move by Xiaomi to maximize the use of available resources.
Known mostly for its smartphones and household appliances, Xiaomi is a newcomer to the biggest electric vehicle market in the world. The electric vehicle division of Xiaomi, which debuted its first vehicle in March, has seen robust sales despite stiff competition.
Xiaomi's EV Business Reports Strong Financial Growth
A rise from the second quarter brought the company's sales to 9.7 billion yuan ($1.33 billion) in the third quarter alone. Additionally, the company's gross profit margin increased from 15.4% to 17.1%.
After exceeding its original delivery target of 100,000 units in 2024, Xiaomi increased its yearly aim to 130,000 units in November.
Before the Christmas holiday break, Xiaomi's shares were trading at 32.75 Hong Kong dollars. They had more than doubled in value this year. Its EV business performed better than anticipated, which contributed to good earnings and the subsequent increase.
