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One of the leading smartphone brands Xiaomi is soon entering the electric vehicle industry. They have plans to invest at least $10 Billion in this industry and will have a new wholly owned subsidiary to drive this business.
One of the leading smartphone brands Xiaomi is soon entering the electric vehicle industry. They have plans to invest at least $10 Billion in this industry and will have a new wholly owned subsidiary to drive this business.
Xiaomi is known for their smart products and big range of smartphones. Their investment plan on this business will happen over a stretch of 10 years. This Chinese brand has been successful in penetrating the Indian as well as several other markets as well with its technology and feature rich products.
Initially, the brand may not step out of China, which is its home country, and may explore other markets as well in the later stages. Chinese government is quite aggressive with the development of electric vehicles and hence, their market has one of the most affordable electric vehicles, GWM Ora R1 that has a mileage of 300kms per charge.
Xiaomi is already a big player in the market to produce batteries with high capacity. Their research, technology and stronghold in the electronics industry can be wisely implemented to prepare new chipsets for electric vehicles. Xiaomi can further escalate this through joint collaboration with automotive producers.
While this is the first time Xiaomi as an electronics manufacturing firm is stepping into this foray, Apple and Google have already been testing their electric vehicles. The electric vehicle market is getting widely accepted across the globe and we may see more non-auto brands to enter into this industry.
With the emerging EV market in India and brands like Tata, Mahindra, Hyundai, MG, etc. deliver pretty good vehicles, would you like to see a smartphone brand name on your future vehicle? Share your thoughts with us in the comments.
MG Astor Facelift Incoming? Astor-Based Hybrid VS SUV Spotted on Indian Roads; Check Details
MG Motors is testing the upcoming facelift version of the Astor, with a new VS SUV spotted without camouflage. The VS, an Astor-based hybrid SUV, rivals the Creta and Seltos. Sporting a sporty design, it features a 1.5-liter petrol engine generating 175 bhp and 142 Nm of torque, paired with a CVT gearbox.
21-May-2024 10:13 AM
Read Full NewsMG Astor Facelift Incoming? Astor-Based Hybrid VS SUV Spotted on Indian Roads; Check Details
MG Motors is testing the upcoming facelift version of the Astor, with a new VS SUV spotted without camouflage. The VS, an Astor-based hybrid SUV, rivals the Creta and Seltos. Sporting a sporty design, it features a 1.5-liter petrol engine generating 175 bhp and 142 Nm of torque, paired with a CVT gearbox.
21-May-2024 10:13 AM
Read Full NewsKTM Launches 2024 200 Duke and 250 Duke with Exciting New Colors
Discover the 2024 KTM 200 Duke and 250 Duke motorcycles in fresh, eye-catching colors. Experience the thrill of the ride with these exciting new additions.
21-May-2024 10:05 AM
Read Full NewsKTM Launches 2024 200 Duke and 250 Duke with Exciting New Colors
Discover the 2024 KTM 200 Duke and 250 Duke motorcycles in fresh, eye-catching colors. Experience the thrill of the ride with these exciting new additions.
21-May-2024 10:05 AM
Read Full NewsBYD Seal Electric Sedan Achieves Over 1,000 Bookings Within 3 Months Of Its Launch
The BYD Seal is available in India in three variants. These include the base variant dynamic, the mid variant premium, and the top end variant performance.
21-May-2024 10:04 AM
Read Full NewsBYD Seal Electric Sedan Achieves Over 1,000 Bookings Within 3 Months Of Its Launch
The BYD Seal is available in India in three variants. These include the base variant dynamic, the mid variant premium, and the top end variant performance.
21-May-2024 10:04 AM
Read Full NewsMercedes Benz Maybach GLS 600 and AMG S63 India Debut Tomorrow; Details
Mercedes-Benz will debut the 2024 Maybach GLS 600 and AMG S63 E Performance sedans in India on May 22. The Maybach GLS 600 features exterior and interior upgrades, while the AMG S63 offers enhanced performance and advanced features, aligning with Mercedes' plan to launch 9 new vehicles in India in 2024.
21-May-2024 06:06 AM
Read Full NewsMercedes Benz Maybach GLS 600 and AMG S63 India Debut Tomorrow; Details
Mercedes-Benz will debut the 2024 Maybach GLS 600 and AMG S63 E Performance sedans in India on May 22. The Maybach GLS 600 features exterior and interior upgrades, while the AMG S63 offers enhanced performance and advanced features, aligning with Mercedes' plan to launch 9 new vehicles in India in 2024.
21-May-2024 06:06 AM
Read Full NewsJeep Meridian 2024 Facelift Spotted With ADAS While Being Tested
The 2024 Jeep Meridian facelift has again been spotted with ADAS hardware visible. Here's everything you need to know.
20-May-2024 11:37 AM
Read Full NewsJeep Meridian 2024 Facelift Spotted With ADAS While Being Tested
The 2024 Jeep Meridian facelift has again been spotted with ADAS hardware visible. Here's everything you need to know.
20-May-2024 11:37 AM
Read Full NewsMahindra Scorpio N, Thar and Bolero Neo Receive Significant Price Hike; Check New Prices
Mahindra has raised prices for its popular SUVs due to high demand. The Scorpio N now costs up to Rs. 25,000 more, starting at Rs. 13.85 lakh. The Thar has increased by Rs. 14,000, starting at Rs. 11.35 lakh. The Bolero Neo's starting price is now Rs. 9.94 lakh.
20-May-2024 09:59 AM
Read Full NewsMahindra Scorpio N, Thar and Bolero Neo Receive Significant Price Hike; Check New Prices
Mahindra has raised prices for its popular SUVs due to high demand. The Scorpio N now costs up to Rs. 25,000 more, starting at Rs. 13.85 lakh. The Thar has increased by Rs. 14,000, starting at Rs. 11.35 lakh. The Bolero Neo's starting price is now Rs. 9.94 lakh.
20-May-2024 09:59 AM
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