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30 Mar
15:51

Xiaomi enters EV market with $1.5 billion investment

Chinese smartphone producer Xiaomi Corp has confirmed rumours that it plans to enter the electric vehicle arena, Kallanish reports.  In a post on Twitter of a filing made with the Stock Exchange of Hong Kong, Xiaomi confirms that it plans to begin manufacturing electric vehicles. The company also noted in the post that a more formal launch was slated for later in the day.  “The board of directors of the company has resolved to commence the smart e…
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