Xiaomi announces smart EV business, to invest $10 billion over ten years

FILE PHOTO: The logo of Xiaomi is seen inside the company’s office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa

SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp will invest $10 billion over the next ten years in a new smart electric vehicle (EV) business division, the company said on Tuesday in a filing.

Reporting by Josh Horwitz, editing by Louise Heavens

Go to Source