Chinese technology company Xiaomi has registered a subsidiary for the development of electric vehicles Xiaomi EV Company Limited, with a start-up capital of 10 billion yuan ($ 1.55 billion).
Kyiv. Ukraine. Ukraine Gate – September 03, 2021 – Technology
According to the company’s blog, over the next 10 years, Xiaomi plans to invest $ 10 billion in the development and production of electric cars.
Currently, the newly created company has 300 employees.
The registration of the subsidiary also led to an increase in the value of Xiaomi shares. In particular, according to CNBC, in the Hong Kong stock market, the growth in the value of Xiaomi shares today reached 1.4%.
As reported, in March, Xiaomi announced its intention to develop the business of developing and manufacturing electric cars.
In August, the company acquired Deepmotion Tech, a company that develops autonomous driving technologies.
Chinese company Xiaomi: what is known
Xiaomi is a Chinese company founded in 2010. Specializes in the production of electronic equipment, including smartphones and other “smart devices”.
The company’s capitalization as of September this year is $ 79 billion, which allows it to rank 208th in the ranking of the most expensive companies in the world.
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Source: Ukrgate
