Growth

Xiaomi’s investment partner, Pan Jiutang, commented on the company’s entry into the EV market. He believes Xiaomi’s presence benefits the industry by driving competition and focusing on consumer needs. Jiutang emphasized their premium electric vehicle strategy, targeting a large market. His comments respond to predictions of Xiaomi’s rapid growth potentially impacting competitors, with significant sales growth expected in the coming years.

NIO Inc. reported strong May 2025 delivery figures. May deliveries reached 23,231 vehicles, a 13.1% year-over-year increase. Year-to-date deliveries totaled 89,225, up 34.7% year-over-year. Cumulative deliveries reached 760,789 vehicles by the end of May, reflecting growth across its NIO, ONVO, and FIREFLY brands. The company’s strategic expansion targets diverse segments.

India has surpassed Japan to become the world’s fourth-largest economy, according to the NITI Aayog. Driven by a robust 6.5% growth rate, the economy now exceeds $4 trillion. Government officials project India will be the third-largest economy in three years. This milestone aligns with the nation’s ambition to become a developed country by 2047.