Xiaomi

Adjusted net profit for the quarter to December 31 fell to 6.3 billion yuan

The investment comes as competition in China’s cutthroat chatbot space is being redirected to agents

European and US carmakers have largely trailed Chinese competitors in cost and battery technology, after state subsidies from Beijing

Every major Chinese mobile maker sees steep declines in a market that is down 23% overall

Tesla’s doors are already the target of a safety probe in the US

The sell-off highlights rising investor concern that China’s carmakers face a prolonged slowdown

The market is expected to soften in 2026 amid chip shortages and rising component costs

The announcement comes as it faces increased public criticism over safety standards, following a number of accidents

Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market