The cell phone maker known as ‘the Apple of China’ has backed EV companies Nio and Xpeng. Its entry is expected to shake up China’s car market.
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.