IoT Platforms and Devices Roundup – June–July 2025
Xiaomi unveiled its first electric SUV, the YU7 EV, and new wearables in late June 2025. Tesla pushed an update enabling IoT-based energy coordination for its vehicles. Nordic Semiconductor acquired Memfault for $120 million to build a chip-to-cloud IoT platform. KORE Wireless completed its purchase of Ericsson’s IoT Accelerator and Connected Vehicle Cloud, gaining over 15,000 customers.