--- title: "Wang Teng was dismissed for providing Xiaomi's automotive pricing strategy to external organizations? Insiders: The news is false" description: "On September 9th, there were rumors that Wang Teng, the general manager of Xiaomi's China market department, was dismissed for providing core data such as Xiaomi's automotive pricing strategy and supp" type: "news" locale: "en" url: "https://longbridge.com/en/news/256460452.md" published_at: "2025-09-09T00:22:40.000Z" --- # Wang Teng was dismissed for providing Xiaomi's automotive pricing strategy to external organizations? Insiders: The news is false > On September 9th, there were rumors that Wang Teng, the general manager of Xiaomi's China market department, was dismissed for providing core data such as Xiaomi's automotive pricing strategy and supply chain costs to three external agencies in exchange for a consulting fee of 1.87 million yuan. In response, informed sources stated that the news is false On September 9th, there were rumors that Wang Teng, the general manager of Xiaomi's China market department, was dismissed for providing core data such as Xiaomi's automotive pricing strategy and supply chain costs to three external institutions in exchange for consulting fees of 1.87 million yuan. In response, informed sources stated that the news is false ### Related Stocks - [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md) - [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Xiaomi's electric SUV tops China sales in January, sells twice as many as Tesla's Model Y | Xiaomi's YU7 electric SUV topped sales in China in January, selling 37,869 units, double that of Tesla's Model Y, which | [Link](https://longbridge.com/en/news/275839815.md) | | Xiaomi follows Tesla in offering 7-year low-interest financing for its Model Y rival YU7 | Xiaomi has launched a 7-year low-interest financing plan for its YU7 electric SUV, mirroring Tesla's recent offer. The Y | [Link](https://longbridge.com/en/news/272702122.md) | | Xiaomi Files HKEX Disclosure on Issue of 470,000 New Shares at Up to HKD 2.45 Each | Xiaomi Corporation has disclosed the issuance of 470,000 new WVR ordinary shares on January 27 and 28, 2026, at prices o | [Link](https://longbridge.com/en/news/274292403.md) | | Xiaomi announces HK$2.5 billion buyback as competition and cost pressures weigh on stock | Xiaomi announced a stock buyback program worth up to HK$2.5 billion ($321 million), leading to a 2% rise in its shares. | [Link](https://longbridge.com/en/news/273478227.md) | | Xiaomi's next-gen SU7 completes 24-hour endurance test with 4,264 km | Xiaomi's electric vehicle unit, Xiaomi EV, announced that its next-generation SU7 electric sedan completed a 24-hour end | [Link](https://longbridge.com/en/news/272941373.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.