Automotive
Chinese smartphone maker Xiaomi registered its electric vehicle (EV) business (Xiaomi EV) with an initial investment of RMB $10 billion (USD$1.5B). Xiaomi plans to invest USD $10 billion in Xiaomi EV over 10 years, under the leadership of Lei Jun, the founder of Xiaomi. Â Currently, Xiaomi EV has approximately 300 employees. Xiaomi also acquired autonomous driving technology company...
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