Title: Xiaomi invests $ 10 billion in the intelligent production of electric vehicles
description: Xiaomi is a very famous brand in the telephone and electronics market. The company's devices are very popular in the electronics market.
The Chinese tech giant is one of the world's largest smartphone manufacturers and has gained immense popularity among consumers for its value-for-money products. The company focuses on intensive development all the time. The company is getting ready to launch intelligent electric vehicles. Xiaomi has officially announced its new venture in the automotive industry and will produce intelligent electric vehicles otherwise known as intelligent electric vehicles. The company plans to invest approximately 10 billion yuan in the initial stage in a wholly-owned subsidiary of intelligent electric vehicles.
It sounds very interesting. Xiaomi plans to invest around $ 1.1 billion in the same business over the next ten years. As you can see, the company has long-term plans. The amounts to be spent are huge, but Xiaomi is focused on a large and quick profit. We wish Xiaomi to make these plans come true. At the moment, the company has not provided any details other than confirming its entry into the smart electric vehicle space.
We cannot say whether the brand will mainly focus on affordable smart electric cars, as it does with smartphones, or whether it will serve premium customers. All this will be known for some time. The company has yet to announce a partnership with any car manufacturer for the production of the new smart EV. It turns out that Xiaomi is the only company that has such plans. When we get to know more details about it, we will certainly share them with you.
keywords: Xiaomi, investments, news, long-term plans, cars