Technology Mar 31, 2021 06:04 PM (GMT+8) · EqualOcean
Xiaomi Group officially announced its entry into the automotive manufacturing sector at the Hong Kong Stock Exchange. The company plans to establish a wholly-owned subsidiary to be responsible for the smart electric vehicle business. The initial investment is around USD 1.5 billion and is expected to increase to USD 10 billion over the next ten years. Xiaomi CEO Lei Jun will also be the CEO of the new subsidiary. Also, starting today, there will be a new official company logo. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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