From the current 13 product lines the two luxury brands will have 16 products by 2024.
Sources told Reuters the decision was mainly because of a dispute between the company and Chinese regulators over the valuation of its CDRs, but the company denied this.
"Someone asked me if Xiaomi (will) only expand in developing countries? Last year we started to enter the European market and we realised we have a lot of 'Mi fans' in Europe," Lei Jun, Xiaomi's co-founder and CEO said.
Here are the top automotive news that made headlines this week
The Reserve Bank of India has mandated all payment system operators to ensure that data related to payments is stored only in India giving firms six months to comply with it.
Unplug a desktop computer, and its program and data are still there when it boots itself up once the power is back. However, these new microdevices lose all prior programming and data as soon as they lose power.
Xiaomi this week would postpone its mainland share offering until after it completes its listing in Hong Kong, which is scheduled for July 7.
The prospective candidates for the Interpol training will be finalised by a panel headed by state police chief Loknath Behera.
Jeep Renegade Trailhawk launched internationally on June 21. Check out images of the off-roader.
The company forecast 8 percent to 10 percent growth for the business for 2019, compared with 20 percent in 2018, overshadowing its first-quarter revenue and profit beat.
The employees have asked Bezos to drop Palantir Technologies, the firm that has got the contract to create web-enabled case management system for US Immigration and Customs Enforcement.
State-run transmission utility Power Grid Corp will commission by the first week of July its first commercial e-vehicle fast charger at one of the metro rail stations in Hyderabad.
Mi Pocket Speaker 2 is now available at a price of Rs. 1,499 exclusively on Mi.com.
This is the first time in six years that the car maker launched a new car in India
The Nokia X6 is the first device from the Finnish phone maker's stable that sports an iPhone X-like notch display.
Skoda believes that the platform will lead to lowered costs and shorter production times through standardisation of components, dimensions and production processes
"The BPM market is now more and more embedded with digital technologies in the delivery of services," he said.
The programme will be rolled out on a pilot basis and will be limited to parenting, cooking and home cleaning private groups initially
Telecom Secretary Aruna Sundararajan had earlier said that India wants to be a frontrunner in adopting 5G technology and will prepare the roadmap for it this year.
YouTube returns a small part of its advertising revenue to content creators who regularly accuse the platform of giving them only crumbs.
The Wi-Fi hotspots will connect social institutions like schools, post offices, police stations, health centres.
The device has been priced at 1,699 pounds (approximately Rs 1,52,000).
The feature will be available for Google Home, Home Mini and Home Max devices.
The Volvo S60 Sedan will include complete safety features of the Swedish brand such as lane departure alert, emergency braking, optional cross traffic alert and Pilot Assist.
For now, the Swedish company is focusing on a cost-savings plan running until 2020 to shore up profitability, hoping that growth will then return as the pace of 5G network upgrades picks up early in the following decade.