Xiaomi revealed a new OS on Thursday in anticipation of the release of their car in the first half of 2021. Last Wednesday, CEO and founder Lei Jun also mentioned the car in a Chinese social media post, without revealing if it would have an electric powertrain. In comparison, electric car company Nio recently released a smartphone which is based off of Android but specifically customized to enhance integration with their vehicles.
On Thursday, Chinese tech company Xiaomi unveiled HyperOS, a new operating system, in anticipation of their car release in the first half of 2021. The system will be available to customers when Xiaomi's phones, wearables and television sets go on sale October 31st. Xiaomi CEO and founder Lei Jun stated on a Chinese social media platform Wednesday that the car was scheduled for release in 2021, though he did not specify whether it would be electric. Trading on Friday showed an increase in Xiaomi shares of over 1% in Hong Kong , adding to the company's already significant gains of 20+% in 2020. The company declared in a statement that the launch of HyperOS was “a pivotal move forward in Xiaomi’s strategic vision of delivering the ‘Human x Car x Home’ smart ecosystem.”
Long-standing efforts to generate customer loyalty from tech corporations have featured operating systems such as Apple's iOS and Google's Android. Huawei, a Chinese telecommunications giant, created HarmonyOS, which is attempting to replace Android. They have their own production of smartphones, laptops, tablets and television sets, in addition to selling software for electric cars created by associates. Huawei declared to the public in late September that the current version of HarmonyOS had surpassed 60 million users. In total, the corporation insists that HarmonyOS can now be found on more than 700 million devices. Nio, a Chinese electric car organization, released their own smartphone recently, that works with Android but is modifiied to strengthen its combinability with their vehicles.China's 'Golden Week' is here, and three of the country's hottest tourist destinations can provide some insight into the evolving spending habits of its citizens. Shanghai, Beijing and Hangzhou are some of the most popular cities in the mainland, and the sights, culture and nightlife make these places a must-visit for any China traveler. Meanwhile, a stock pick in the space that could offer 95% upside in a bull run is Himax Technologies. The Taiwanese semiconductor company supplies chips to China's big-name EV players like Nio and Xpeng, who are locked in cutthroat competition to win market share in the world's largest EV market. AI applications are showing up to provide competitive advantages in various industries, and China is at the forefront of monetization here. Overall, investors should be sure to keep close watch on China's booming economy.
CNBC Pro is providing more information about China. The Golden Week is a time of year when its citizens traditionally flock to popular tourist destinations like Shanghai, Beijing, and Hangzhou for a special experience. At the same time, Himax Technologies stock could offer 95% upside in a bull run. This Taiwanese semiconductor company provides chips to some of China's leading EV companies, such as Nio and Xpeng, which are in a heated battle for market share. Additionally, AI applications in their respective industries are allowing Chinese companies to monetize new opportunities. All in all, investors should be mindful of the country's growing economy.
The "Golden Week" of China is here, and three noteworthy spots to spend it have emerged. Additionally, a stock has potential for up to 95% in growth. Despite the economic dip, businesses still compete intensely in China. Electric vehicle companies are battling for supremacy, and the country is developing applications of AI that can create monetization opportunities.
Xiaomi first gained recognition for its low-cost mobile devices and MIUI, which uses open-source Android technology. In a press release, the company highlighted the features of their new HyperOS, which include better frame rate and decreased power usage than the stock version of Android. In addition, the system is said to have high security and a quick response time. Perhaps most importantly, users can easily share data across devices, such as smartphones, cars, and laptops, with access to each other's cameras.
In recent years, Xiaomi has diversified its product portfolio to include home appliances, which now account for about 22% of their revenue (compared to the 37% revenue share of their mobile devices). Yesterday, the company released a 3,999 yuan phone, a 1,999 yuan washing machine and a 2,999 yuan refrigerator. This is further enhanced by a dedicated app that makes it possible for users to control the settings of these devices.
Revision: Huawei asserted in late September that over 60 million people had adopted the most recent iteration of its operating system.
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