Source: redportal.rs | Wednesday, 31.03.2021.| 12:11
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Chinese Phone Manufacturer Officially Entering Automotive Industry – Xiaomi to Invest USD 10 Billion in Electric Cars

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Illustration (Photo: Smile Fight/shutterstock.com)
The Chinese mobile phone manufacturer Xiaomi Corp is officially entering the automotive industry with a new smart electric vehicle, the company announces.

Xiaomi will invest around USD 1.52 billion initially, with targeted investments of USD 10 billion in the next 10 years.

The CEO of Xiaomi, Lei Jun, will also manage an electric cars project, the company has announced.
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