World NM: Xiaomi to make smart electric cars, announces around $1.5 billion investment001043

Xiaomi conducted its major launch for the year today in its home country, launching its new foldable smartphone – the Mi MIX Fold.
Amid the sling of products that debuted right after, an idea was shared by Xiaomi CEO Lei Jun that comes as a whole new endeavour for the company.
Starting off, Xiaomi’s founder and CEO, Lei Jun, will also serve as the CEO of the new smart electric vehicle business.

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