BEIJING, CHINA, – TIME has named Xiaomi as one of its “TIME100 Most Influential Companies” in 2024. Xiaomi received the honor -- for the first time ever -- because TIME determined that it is making an extraordinary impact around the world.
In placing Xiaomi on the list, TIME cited on the company's successful launch of its first smart electric vehicle, the Xiaomi SU7 Series, in Mainland China in March 2024. TIME praised the EV's effort to integrate people, cars, and homes into a super-smart, people-centric ecosystem. Xiaomi set new industry records for the volume of locked-in orders and deliveries of the Xiaomi SU7 Series during the first month of its debut. Its "Human x Car x Home" ecosystem connects smart devices in unprecedented and seamless ways.
Xiaomi is committed to making sustainable investments in foundational core technologies and to continuously invest in technologies that will benefit humanity. It will invest more than RMB100 billion in research and development during the five years between 2022 to 2026. Through 15 to 20 years of effort, Xiaomi aims to become one of the top five global automakers as well as a leader in the evolving realm of global cutting-edge technologies.
“Xiaomi is honored to be selected for the TIME100 Most Influential Companies list for 2024,” said Xiaom spokesperson. “We look forward to living up to this award by continuing to produce products that let everyone in the world enjoy a better life through innovative technology.” To assemble the list, TIME solicited nominations across sectors, and polled its global network of contributors and correspondents, as well as outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward. (PR)
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