Xiaomi spent 10 times industry average on EV to challenge Tesla – Canada Boosts
Xiaomi, one of many world’s largest producers of smartphones, needs to develop into a severe participant within the fiercely aggressive EV business, at present dominated by Elon Musk’s Tesla and the Warren Buffett-backed BYD. Its technique? Make investments billions of {dollars}—ten times more than its opponents—into its first prototype. Xiaomi has teased its enlargement to…