Xiaomi's EV unit will use proven technology, as well as invest ten times more than the industry, to ensure success, according to Lei Jun.
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U.S. EV sales are growing, but not enough to offset gasoline cars. That's because sales of those vehicles are growing faster, according to a new report. Experian's Automotive Market Trends report for the third quarter of 2023 showed that while electric cars now account for a larger share of the U.S. vehicle fleet than they did a few years ago, the...