Xiaomi bets big on ‘smartphone with four doors’ despite huge challenges in electric vehicle market

Source: South China Morning PostWhen Lei Jun stepped on stage this week to announce Xiaomi’s entrance into China’s highly competitive electric vehicle (EV) race, the company founder and CEO compared smart cars to “smartphones with four doors”.Calling the initiative his “final major entrepreneurial project”, he struck a confident tone, describing EVs as a “natural choice” for the Chinese gadget maker to expand its so-called artificial intelligence of things (AIoT) ecosystem, a vision that Lei has been trying to sell to…Read More

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