Xiaomi announced to confirm the approval of the smart electric vehicle project



Xiaomi announced that it has confirmed the establishment of the smart electric vehicle plan. The first phase investment is 10 billion yuan. The investment is expected to reach 10 billion US dollars in the next 10 years. Lei Jun will concurrently serve as the CEO of the subsidiary.

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By Ana Banuelos

Ana is a blogger who is always fascinated with the technology and the amount of knowledge she can gather from the internet. She is trying to nerdify everyone around her with that same knowledge, through her writings.