Xiaomi Named One of TIME’s Most Influential Companies of 2024
TIME has named Xiaomi as one of its “TIME100 Most Influential Companies” in 2024. Xiaomi received the honor — for its 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 Xiaomi 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. See the full list here: time.com/100companies
About Xiaomi Corporation
Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on 9 July 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The Company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is one of the world’s leading smartphone companies, with its global smartphone shipments ranked among the top three and global MAU (including smartphones and tablets) reached 658.1 million in March 2024. The Company has also established the world’s leading consumer AIoT (AI+IoT) platform, reached approximately 786.1 million smart devices connected to its platform (excluding smartphones, laptops and tablets) as of March 31, 2024. In October 2023, Xiaomi upgraded its strategy to “Human × Car × Home” smart ecosystem, seamlessly merges personal devices, smart home products, and cars. Xiaomi always centers on humanity and is committed to providing comprehensive, better connected experiences. Xiaomi products are present in more than 100 countries and regions around the world. In August 2023, Xiaomi was included in the Fortune Global 500 list for the fifth year in a row, ranking 360(th). Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.
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