You may know Xiaomi is a famous phone maker, but soon you will know them as a maker of electric vehicles as well they have a 10 billion dollar investment to invest in their new Venture.
The tech giant will offer quality intelligent electric vehicles even though they have been in close competition with Apple and Samsung. In the smartphone industry, the funny thing is that their competition will still be Huawei and apple as they enter the electric car market.
In a live broadcast Lei June stated that Xiaomi's first vehicle is of course electric and will be sold for around $15,000 to $45,000. This mid-range price will take the car out of the category for a budgeted product and offer some much needed competition on the market.
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