Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images
Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images
Xiaomi

China’s EV war: Xiaomi enters the fray with multibillion-dollar investment in world’s largest electric vehicle market

  • Xiaomi will kick off its electric vehicle project with an initial investment of US$1.5 billion and expects to spend up to US$10 billion over the next decade
  • Lei Jun, Xiaomi’s founder and chief executive, will head the company’s new electric car division

Topic |   Xiaomi
Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images
Xiaomi Corp founder and chief executive Lei Jun speaks at the company’s Mega Launch event in Beijing. Photo: VCG via Getty Images
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