Xiaomi announces smart EV business, to invest US$10 billion over ten years

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle business, the company announced on Tuesday in a filing.

FILE PHOTO: The logo of Xiaomi is seen inside the company's office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. ChinnappaSHANGHAI: Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle business, the company announced on Tuesday in a filing.

The firm will initially invest 10 billion yuan in the wholly-owned subsidiary, with a total investment goal of US$10 billion over the next ten years.Xiaomi CEO Lei Jun will also serve as CEO of the smart electric vehicle unit, the company added.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Xiaomi announces smart EV business, to invest US$10 billion over ten yearsChinese smartphone maker Xiaomi Corp will invest US$10 billion over the next ten years in a new smart electric vehicle (EV) business division, the ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

Auto industry urges Biden to back 'comprehensive' EV planWASHINGTON: Major automakers, parts companies and the United Auto Workers (UAW) union urged US President Joe Biden to support a 'comprehensive ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »