Hi, this is Wayne again with a topic “Is Xiaomi making a car?”.
Xiaomi, you may know, xiaomi is a famous phone maker, but soon you will know them as a maker of electric vehicles as well. They have a 10 billion dollar investment to invest in their new Venture. The tech giant will offer quality intelligent electric vehicles, even though they have been in close competition with Apple and Samsung in the smartphone industry. The funny thing is that their competition will still be Huawei and apple as they enter the electric car market in a live broadcast. Lei June stated that xiaomi’s first vehicle is, of course, electric and will be sold for around fifteen thousand to forty five thousand dollars.
This mid-range price will take the car out of the category for a budgeted product and offer some much needed competition on the market. Thank you. .