Photo: Eminetra

Xiaomi To Produce Cars In 2024; Will Invest $10 B In Electric Cars

In the biggest development, Lei Jun, Chief Executive of Xiaomi on October 19 said it will start producing its own cars in 2024. This was posted on the verified Weibo account of a director in Xiaomi’s international marketing department. Reportedly, the company will also be investing $10 billion in the electric car section, in the upcoming 10 years. Besides, the company’s shares also increased by 5.4%.

Wed, 20 Oct 2021 - 04:00 PM / by Nehal Surana

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