Xiaomi buys self-driving technology startup to propel its EV ambitions ...Qatar

ٌRayaٌ news - News
Xiaomi buys self-driving technology startup to propel its EV ambitions
Xiaomi Corp will buy autonomous driving technology startup Deepmotion for about $77.4mn, sealing a deal to help further its ambitions of getting into the fast-expanding field. The company announced the acquisition after reporting better-than-expected results for the second quarter, when a recovery in key markets like India helped it overtake Apple Inc to become the world’s second-largest phone vendor by shipments. Revenue surged 64% to 87.79bn yuan ($13.6bn) in the quarter ended June, surpassing the 85.01bn yuan average of estimates.  Co-founder and chief executive officer Lei Jun is now spearheading a drive to take Xiaomi beyond smartphones. The 51-year-old is personally leading a project

Hence then, the article about xiaomi buys self driving technology startup to propel its ev ambitions was published today ( ) and is available on ٌRayaٌ news ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Xiaomi buys self-driving technology startup to propel its EV ambitions )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News