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Xiaomi plans to invest $10 billion in EV production

Xiaomi CEO Lei Jun Reuters web.jpg
Xiaomi CEO Lei Jun  (REUTERS/REUTERS)
B
By:
Bloomberg
March 30, 2021 06:53 PM

Xiaomi Corp. plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market.

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