Xiaomi entry adds spice to e-car sector By MA SI/LI FUSHENG | China Daily | Updated: 2021-04-01 09:06 Share CLOSE The logo of Xiaomi is seen inside the company s office in Bengaluru, India, on Jan 18, 2018. [Photo/Agencies]
Xiaomi Corp s decision to foray into the electric car business will further intensify competition in the booming sector, and it remains to be seen how the Chinese smartphone company will leverage its research and development strength to explore a completely new area, experts said.
Their comments came after Lei Jun, chairman of Xiaomi, said the company will set up a wholly owned unit for the smart electric vehicle business, with an initial investment of 10 billion yuan ($1.52 billion). The total investment over the next decade is estimated to be $10 billion.
Xiaomi entry adds spice to e-car sector
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Foxconn mulls making electric vehicles at Wisconsin plant
go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
Fisker Shares Are Ready to Drive Toward $30 InvestorPlace 2/25/2021 Chris Tyler © Source: Eric Broder Van Dyke / Shutterstock.com The Fisker logo hangs on display at the November 2011 International Auto Show.
Shares of
Fisker (NYSE:
FSR) motored strongly higher Wednesday. But is it still safe to park a FSR stock position in your portfolio or a name to steer clear of? Let’s take a look at what’s happening off and on the price chart, then offer a risk-adjusted determination aligned with those findings. © Provided by InvestorPlace The Fisker logo hangs on display at the November 2011 International Auto Show.
It’s been a rough and tumble week for most risk-assets, but particularly so for many of the market’s high-fliers of the past year. Large-cap technology plays like