China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Read more at The Business Times.

India also stood out as the only major market to record a year-on-year decline in Q3, with Xiaomi’s share slipping 3.2% to 13.4%

China's Xiaomi warned on Tuesday that consumers were likely to see further hikes in smartphone prices next year due to soaring costs of memory chips while acknowledging such a measure would not fully offset the costs.

Xiaomi Corp. expects a shortfall in memory chips to push up mobile device prices next year, joining a growing number of companies in warning of a potential supply crunch of the critical component in 2026.

Xiaomi warns global memory chip shortages driven by AI demand will push 2026 smartphone prices higher, leaving consumers facing steeper costs.