Xiaomi joins the ranks of Chinese tech giants to work on EVs
After weeks of rumors, Xiaomi officially confirmed that it is making a foray into the electric vehicle space. The Chinese smartphone and IoT giant will set up a wholly-owned subsidiary to operate a smart EV business, the company said in a filing on Tuesday. Xiaomi will inject an initial 10 billion yuan ($1.52 billion) into … Continue reading Xiaomi joins the ranks of Chinese tech giants to work on EVs
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