Xiaomi Purchases $116 Million Site in Beijing to Expand EV Production
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for 842 million yuan ($116 million) to expand electric car production following the early success of its debut sedan. The 53-hectare (131-acre) site is close by Xiaomi’s…
Xiaomi Takes Aim at Tesla in Chinese Auto Market with $29,870 Electric Car
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.During the two…
Shares of China’s Xiaomi Jump on News of its First EV Launch
Shares of Xiaomi jumped 12% on Tuesday after the company said it would start deliveries of its first electric vehicle (EV) this month.The tech giant, which is China’s fifth largest maker of smartphones, is venturing into the world’s top auto…
