After announcing in April plans to expand into manufacturing electric vehicles, Xiaomi, the world's second biggest manufacturer of smartphones, on September 1 established the new car division Xiaomi EV with a committed investment of 10 billion yuan (approximately $1.55 billion) over ten years. Xiaomi EV is headed by Lei Jun, CEO and founder of...
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Thursday, September 16, 2021
After establishing car division, Xiaomi reportedly on lookout for plant acquisition
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