CEO Lei Jun 

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Xiaomi’s $10 billion electric vehicles project is said to hit a regulatory roadblock:Detail here

CEO Lei Jun  

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Xiaomi’s $10 billion electric vehicles project is said to hit a regulatory roadblock, in 2021 Xiaomi announced to invest CNY 10 billion in EV.

CEO Lei Jun   

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Xiaomi Beijing-based smartphone company reveals that Xiaomi has faced difficulty to get regulatory approval for its electric vehicles project 

CEO Lei Jun   

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China National Development & Reform Commission is not giving them approval for the required license, to Xiaomi, which applied a month ago. 

CEO Lei Jun    

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Xiaomi mentioned that the only reason for the delay in “license approval” is china’s Stricter scrutiny of EV sector bankruptcies 

CEO Lei Jun    

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due to this Xiaomi has postponed the plan for EVs, and will introduce its first electric vehicle in 2024. 

Xiaomi, founder Lei Jun, said that the absence of a license has slightly impacted Xiaomi EV development 

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Xiaomi already bought Beijing-based autonomous driving technology startup “DeepMotion”, for self-driving technology 

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Xiaomi Corp's current stock price is 12.34 HKD, If you plan to invest in EVs then this is the right time to invest in the electric market.  

CEO Lei Jun     

If  you are still confused about electric cars so, we will provide you efficient information to select the best electric vehicles, visit or electric vehicles platform