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Xiaomi completes the registration of its electric vehicle business

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Xiaomi completes the registration of its electric vehicle business
Xiaomi representatives said that the company has officially registered its electric vehicle division. Thus, the brand will be able to enter the booming green transport market in the near future.

The new division, called Xiaomi EV Inc, will receive a registered capital of $ 1.55 billion and will be led by the CEO of Xiaomi. At the moment, there are 300 employees, and the number of employees will continue to grow. The development plan of the enterprise has not yet been published. Earlier, the Chinese giant announced its intention to invest at least $ 10 billion in the production of electric vehicles within ten years.

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