Xiaomi (小米集团) is a designer and manufacturer of consumer electronics, lifestyle products, and home appliances. The company operates through two segments: smartphone × AIoT and smart EV and other new initiatives. The smartphone × AIoT segment comprises the business of smartphones, IoT and lifestyle products, internet services, and other related businesses. The smart EV and other new initiatives segment is involved in developing and selling electric vehicles (EVs), alongside other emerging technologies and ventures.