Xiaomi Officially Registers Electric Vehicle Business Led by CEO Lei Jun
Xiaomi on Wednesday, 1 September, announced that it has officially completed the business registration of its electric vehicle business, as reported by CNBC.
The new subsidiary is called Xiaomi EV, Inc. and will be led by the group’s founder and CEO Lei Jun. It opened with a registered capital of 10 billion yuan, which is equivalent to about US$1.55 billion.