SHANGHAI : Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector.
Some 300 staff have so far been employed to join the EV unit and it continues to recruit talent, it said. Lei said at the time the push into electric vehicles would mark his"last major entrepreneurial project." Last week, the company said it purchased autonomous driving technology startup Deepmotion for over US$77 million, in an effort to boost research and development.
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