Report: Smartphone Maker Xiaomi to Start Producing Electric Vehicles
Business news

First, the Apple (NASDAQ: AAPL) Car, and now this: On Friday, Reuters reported that Chinese smartphone maker Xiaomi (OTC: XIACF) plans to begin manufacturing electric vehicles (EVs). Citing “three people with direct knowledge of the matter,” the news agency wrote that Xiaomi would make its automobiles in a factory owned and operated by Great Wall Motor Company (OTC: GWLLF). Great Wall has never provided third-party manufacturing services to another company.

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