In March, Xiaomi announced its entrance into the electric car race and said it plans to invest $10 billion into the business over the next 10 years.
Xiaomi CEO Lei Jun holds a press conference about Xiaomi's new logo and Xiaomi's car building on March 30, 2021 in Beijing, China.is expecting to mass produce its own electric vehicles in the first half of 2024, its CEO Lei Jun said on Tuesday.
The comments were made during the company's investor day and confirmed later in a post by the CEO on China's Twitter-like service
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