SHANGHAI: Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing.
The firm will initially invest 10 billion yuan ($1.52 billion) in the wholly-owned subsidiary, with a total investment goal of $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.
CEO Xiaomi Corp., Mr. Lei Jun compliments on the launch of Xiaomi Smart EV availability. Please do send your specs.,/availability, formal trail in Pakistan. Please do send specs., compliances, trails regions, with the UN/ITU reccomendations for Pakistan.
Our mission is to zero Death/Injury on Roads of Pakistan with technology on smart EV.
Best wishes,
Glad to hear this news.