TIME has recognized Xiaomi as one of its “TIME100 Most Influential Companies” for 2024, marking the first time the company has received this honor. The recognition comes as a result of Xiaomi‘s significant global impact.

One of the key achievements highlighted by TIME was Xiaomi’s successful launch of the Xiaomi SU7 Series, it’s first-ever electric vehicle. The publication commended the vehicle for its innovative approach to integrating people, cars, and homes into a cohesive, intelligent ecosystem focused on user experience.

During the first month following the debut of the Xiaomi SU7 Series, the company set new records for its locked-in orders and deliveries. This success is attributed to their “Human x Car x Home” ecosystem, which connects smart devices in ways not seen before, offering seamless interaction between various technologies.

Xiaomi has committed to investing more than RMB 100 billion in research and development from 2022 up to 2026. This substantial investment aims to support foundational core technologies and advance innovations that benefit humanity. Over the next 15 to 20 years, Xiaomi aspires to become one of the top five global automakers and a leader in cutting-edge technologies worldwide.

To create the list, TIME sought nominations across various industries and consulted its network of correspondents, contributors, and external experts worldwide. The editors then evaluated and scrutinized all nominees based on innovation, impact, success, and ambition. The resulting list features 100 companies that are shaping the world forward.

Check out the full list here.

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