• Home
  • Brands
  • About us
  • Privacy Policy
GIZMOAFRICA
  • News
    • Phone
    • Tablet
    • Laptop
    • Gadget
    • Tech
  • Mobiles
  • Comparison
  • Reviews
  • Videos
  • Contact us
No Result
View All Result
  • News
    • Phone
    • Tablet
    • Laptop
    • Gadget
    • Tech
  • Mobiles
  • Comparison
  • Reviews
  • Videos
  • Contact us
No Result
View All Result
GizmoAfrica
No Result
View All Result
Home News

Xiaomi plans to venture into the electric car business with $10 billion dollars

Mbah Richard by Mbah Richard
June 13, 2021
in News, Tech
0
Xiaomi Electric Car
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Xiaomi has confirmed that they are entering the electric car business. In a press statement, Xiaomi said that they will establish a wholly-owned subsidiary to be responsible for the smart electric car business. The initial investment is RMB 10 billion, and the investment is expected to be USD 10 billion in the next 10 years.

Mr. Lei Jun, the CEO of the Group, will concurrently serve as the CEO of the smart electric car business. Lei Jun, Chairman and CEO of Xiaomi Group, has earlier mentioned that Xiaomi has a big project coming and has prepared 10 billion U.S. dollars for it. He made this statement on Xu Zhiyuan’s dialogue column.

Xiaomi Ventures into electric car business

Lei Jun also said that this information is still in talks and will shade more light on it during a press conference tonight. If you don’t know, Xiaomi has another event scheduled today where they will likely unveil the new Mi Mix smartphone. This is not the first time we are hearing about Xiaomi joining the electric car business.

Bloomberg has earlier reported that Xiaomi plans to spend 10 billion US dollars to enter the field of electric vehicles. We are confident that Xiaomi has enough capital to venture into this business. Statistics from 2020 shows that Xiaomi shipped 146 million mobile phones in 2020, with annual revenue of 245.9 billion yuan, and cash reserves of more than 100 billion yuan.

Tags: Electric carXiaomiXiaomi Electric car
Previous Post

Infinix Hot 10i spotted on Google Play Console listing with MediaTek Helio A20 SoC and 2GB RAM

Next Post

Samsung Galaxy S20 FE 4G with Snapdragon 865, 6GB RAM, and Android 11 spotted on Geekbench

Mbah Richard

Mbah Richard

Richard is a mobile phone/tech enthusiast since he was 12 years old. He has helped over 100 people to make the best decision in buying smartphones and gadgets. Richard is also a computer science student and when not writing about tech, he is found bing watching videos or reading books.

Next Post
Samsung Galaxy S20 FE 4G Snapdragon 865

Samsung Galaxy S20 FE 4G with Snapdragon 865, 6GB RAM, and Android 11 spotted on Geekbench

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

LATEST DEVICES

  • Samsung Galaxy S22 Ultra Samsung Galaxy S22 Ultra ₦1,199.00
  • Samsung Galaxy S22 Plus Samsung Galaxy S22 Plus ₦999.00
  • Samsung Galaxy S22 Samsung Galaxy S22 ₦799.00
  • Xiaomi Redmi 10 2022 Xiaomi Redmi 10 2022 ₦149.00
  • Blu G71 Plus Blu G71 Plus ₦160.00
  • Nokia G21 Nokia G21 ₦173.00
  • Trending
  • Comments
  • Latest
Oraimo FreePods 2 review

Oraimo FreePods 2 Review – Best earbuds

February 2, 2022
Romoss sense 8p+ review

Romoss Sense 8P+ 30,000mAh Power Bank Review

March 8, 2021
Infinix phone with a curved display and 160w charging

Infinix phone with a curved display, under-display fingerprint scanner appears online

June 17, 2021
Hisense U50 announced

Hisense U50 announced in Mexico with a Unisoc processor

September 3, 2021
Oraimo FreePods 2 review

Oraimo FreePods 2 Review – Best earbuds

14
iPhone 12 Pro Max GIVEAWAY

16 iPhone 12 Pro Max Christmas GIVEAWAY

1
Tecno Camon 17 series launching in Kenya

Tecno Camon 17 series to be launched in Kenya next week with Mediatek G95

1
Tecno Camon 17 series launching in Kenya

Tecno Camon 17P and Camon 17 Pro unveiled in Nigeria and Kenya

1
Samsung Galaxy A33 specs leaked

Samsung Galaxy A33 specs leaked, could be the cheapest phone with IP rating

March 5, 2022
Samsung Galaxy M33

Samsung Galaxy M23 and the Galaxy M33 announced with big batteries

March 4, 2022
Samsung Galaxy A13 and A23 announced

Samsung Galaxy A13 4G and A23 4G announced with 5000mAh battery, quad camera and more

March 4, 2022
OnePlus 10

OnePlus 10 live image may have been leaked

March 4, 2022

Recent News

Samsung Galaxy A33 specs leaked

Samsung Galaxy A33 specs leaked, could be the cheapest phone with IP rating

March 5, 2022
Samsung Galaxy M33

Samsung Galaxy M23 and the Galaxy M33 announced with big batteries

March 4, 2022
Samsung Galaxy A13 and A23 announced

Samsung Galaxy A13 4G and A23 4G announced with 5000mAh battery, quad camera and more

March 4, 2022
OnePlus 10

OnePlus 10 live image may have been leaked

March 4, 2022
GizmoAfrica

Stay informed about the latest technology trends especially smartphones and gadgets.

Follow Us

Browse by Category

  • Gadget
  • Laptop
  • News
  • Phone
  • Reviews
  • Tablet
  • Tech
  • Videos

SUBSCRIBE BELOW

Click here and subscribe and be the first to receive notifications about the latest update regarding smartphones and gadgets. With GizmoAfrica, you will never lack information about smartphones again.

Recent News

Samsung Galaxy A33 specs leaked

Samsung Galaxy A33 specs leaked, could be the cheapest phone with IP rating

March 5, 2022
Samsung Galaxy M33

Samsung Galaxy M23 and the Galaxy M33 announced with big batteries

March 4, 2022
  • Home
  • Privacy Policy
  • About us
  • Contact us

© 2020 - 2022 GizmoAfrica.com

No Result
View All Result
  • HOME
  • News
    • Phone
    • Tablet
    • Laptop
    • Gadget
    • Tech
  • Reviews

© 2020 - 2022 GizmoAfrica.com