Xiaomi enters EV market with $10 billion investment over the next 10 years

Chinese smartphone giant Xiaomi Corporation has revealed plans to launch a smart electric vehicle business and invest $10 billion over the next 10 years. Lei Jun, Founder, Chairman and CEO of Xiaomi, will concurrently serve as the CEO of the smart electric vehicle business. “The decision was made after numerous rounds of deliberation among all our Partners, […]