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Xiaomi Bets Big On Its New Electric Vehicle - Targets 20 Million Premium Smartphone Users

27 Feb 2024 | Abstracted from CNBC

"The Beijing-based company is a market leader in the smartphone industry, ranking third in global shipments behind Apple and Samsung

"Spending billions of dollars on the ecosystem and the car are all part of Xiaomi's efforts to survive in an industry the company expects will become even more competitive...For the SU7 car, Chinese government releases currently list a subsidiary of state-owned Baic Group as the manufacturer."



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