Xiaomi has secured a coveted spot on TIME Magazine’s prestigious “TIME100 Most Influential Companies” list for 2024. This marks the first time the Chinese tech giant has received this recognition, solidifying its position as a global leader and innovator.
TIME specifically highlighted Xiaomi’s groundbreaking achievements in the electric vehicle (EV) market. The company’s successful launch of the Xiaomi SU7 Series in March 2024 within mainland China played a pivotal role in this achievement. TIME lauded the SU7 for its revolutionary approach to integrating people, cars, and homes into a seamless, user-centric ecosystem. The car’s debut shattered industry records, garnering an exceptional volume of pre-orders and deliveries within the first month. This “Human x Car x Home” ecosystem paves the way for a novel and effortless way to connect smart devices across various aspects of users’ lives.
Xiaomi’s dedication to fostering a sustainable future through technological advancements is another key factor contributing to its recognition. The company has pledged a significant investment exceeding RMB100 billion in research and development (R&D) initiatives over the next five years (2022-2026). This commitment underscores its long-term vision of becoming a top-five global automaker within the next 15-20 years, while simultaneously pioneering advancements in cutting-edge technology on a global scale.
“Xiaomi is honored to be selected for the TIME100 Most Influential Companies list for 2024,” expressed a Xiaomi spokesperson. They further emphasized the company’s unwavering commitment to living up to this recognition by consistently developing innovative products that empower people worldwide to experience a better life.
TIME Magazine meticulously curates this annual list by soliciting nominations from a diverse range of industry leaders. This includes contributions from journalists, correspondents, and external experts across the globe. Following the nomination process, the TIME editorial team meticulously evaluates each company based on key metrics like impact, innovation, ambition, and overall success. The final list showcases a dynamic selection of 100 businesses shaping the course of the future.