Investing.com | Editor Hari G
Published Nov 21, 2023 10:05PM ET
BEIJING – Xiaomi (OTC:XIACF) Corporation is intensifying its foray into the electric vehicle (EV) market as it prepares for mass production in the coming year. The company has grown its research and development team to approximately 3,000 members and is awaiting local regulatory approval for its upcoming car specifications, which have been listed on government websites.
The tech giant, primarily known for its smartphones and electronic goods, showcased its latest smartphone lineup at an event at Cairo’s Grand Egyptian Museum on Sunday, October 8, 2023. Now, Xiaomi is making strategic advancements in the competitive EV market, where it faces established players like Nio (NYSE:NIO) and Li Auto (NASDAQ:LI). The introduction of the SU7 saloon,…
