Xiaomi Confirms It Will Spend $10 Billion On Building its Own Electric Cars

Mar 31, 2021

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*Xiaomi Co-founder and CEO Lei Jun said he will share more details about the new venture at a press conference on March 30. (Source: Xiaomi)*

Chinese smartphone maker Xiaomi has officially announced that it will start manufacturing electric cars, as the company seeks to diversify beyond smartphones and consumer electronics.

Xiaomi “will set up a wholly-owne…

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