#shorts [New] Xiaomi X1 Electric Car 2021 Concept Price Features Launch date Upcoming Cars in India

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Издатель Apr 3, 2021

#shorts [New] Xiaomi X1 Electric Car 2021 Concept Price Features Launch date Upcoming Cars in India

A large smartphone manufacturer is connecting with electric cars. And it is not Apple.

China's Xiaomi announced on Tuesday that it would invest $ 10 billion in a subsidiary focused on the "smart electric vehicle business" over the next decade. https://youtu.be/gtH9UUUg3D8

The company said in a stock market filing that the new entity would be led by billionaire CEO Lei Jun. The initial investment would be valued at 10 billion yuan ($ 1.5 billion), the company said.

So far, the company has not given any indication about whether it will produce the budget model or target the top end of the market.

China already has hundreds of companies accounting for the world's leading market share for electric cars.

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