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Xiaomi EVs News

30 Mar 2021

Xiaomi eyes electric vehicles segment, to invest $10 billion in new EV unit

The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said. Xiaomi said that the company took two years and spent 140 million yuan in research and development costs to develop the chip. The company has long been attempting to crack the semiconductor sector, though to date it has had limited success compared to rival Huawei.

27 Mar 2021

Chinese smartphone maker Xiaomi to make EVs using Great Wall''s plant

Xiaomi will aim its EVs at the mass market, in line with the broader positioning of its electronics products, the two people said. Both companies plan to announce the partnership as soon as early next week, said another person. The move also comes against the backdrop of automakers and tech firms working closer together to develop smarter vehicles with technology such as smart cabins and autonomous driving.

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