Xiaomi has officially announced its entry into the electric vehicle market.
The Chinese manufacturer posted a letter on social media in which he said he plans to invest $10 billion in the industry over the next 10 years. The company promised to tell more details about this today at the presentation at 14:30. You can watch the online broadcast on the manufacturer’s official YouTube channel.
Say hello to #XiaomiSmartElectricVehicles.
— Xiaomi (@Xiaomi) March 30, 2021
By the way, according to rumors, the Chinese company Great Wall will be Xiaomi’s partner in this market. It is at its facilities that they want to produce and develop the first smart electric car.