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Smartphone major Xiaomi forays into the EV segment

Smartphone major Xiaomi forays into the EV segment

Xiaomi will invest $10 billion over the next 10 years in the sector

Aims to offer quality smart EVs for smart living anytime, anywhere

The company, reportedly, will collaborate with Chinese SUV maker Great Wall Motors

Xiaomi CEO Lei Jun will also serve as the CEO of the EV business

Currently, Xiaomi is the world’s third-largest smartphone maker

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