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Xiaomi officially registers its electric vehicle business and says it has 300 staff

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The name of the subsidiary is Xiaomi EV, Inc. and it has been set up with previously announced registered capital of 10 billion yuan ($1.55 billion).\n

Chinese smartphone giant Xiaomi has officially registered its electric vehicle business and said the division has entered a "substantial development phase."

Xiaomi EV now has 300 employees and the business is led by the group's founder and CEO Lei Jun, the company said.Xiaomi CEO Lei Jun holds a press conference about Xiaomi's new logo and Xiaomi's car building on March 30, 2021 in Beijing, China.has officially registered its electric vehicle business and said the division has entered a "substantial development phase," the company said.

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