Xiaomi Launches 18 Fold Smartphone and Skynomad SUV Series

Xiaomi unveiled the 18 Fold smartphone featuring a 7.58-inch display and proprietary Xring O3 chip, priced starting at 10,999 yuan, with sales beginning at 10am on Thursday.

The company also introduced the Skynomad SUV series, with the N70 Pro starting at 209,900 yuan and the N90 Max at 269,900 yuan, positioning them against Tesla's Model Y.

Xiaomi has earmarked 50 billion yuan for proprietary chip development and plans to invest 200 billion yuan in research and development over the next five years to compete with Apple and Huawei.