Xiaomi close to getting regulatory green light to produce electric vehicles

Xiaomi took control of the defunct German company Borgward which went bankrupt in November last year When it came to its electric car initiative, Xiaomi faced some significant challenges. It had previously been publicly publicized that the business was having difficulties securing the production license. After several recent failures of startup businesses, the Chinese government […]

Xiaomi aims to be a top 5 car maker in the next 20 years

In an interview, Xiaomi’s CEO, Lei Jun, said that the company’s ambitions for the future include a position in the top five car manufacturers Lei Jun, the founder of Xiaomi, spoke once more about the company’s automotive division. Lei stated that Xiaomi Auto aims to become one of the top five automakers in the world […]