Xiaomi enters the electric automobiles business
September 3, 2021
Xiaomi has officially announced the registration of its new company, Xiaomi EV Inc. As the name implies, it will be competing in the electric vehicles’ market. The news come shortly after the firm acquired DeepMotion, which works on self-driving technologies.
And it looks like Xiaomi has some serious intentions as the initial investment accounts for about $1.5 billion and has already hired…