News Snapshot:
Xiaomi’s Foray Into Electric Vehicle Segment Will Intensify Competition In China, says GlobalData By 22 Photo by Mike on Pexels.com Following the news that Chinese smartphone giant Xiaomi plans to enter into electric vehicles (EV) business with US$10bn investment over the next 10 years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “While Xiaomi’s entry will boost the demand of EVs, which have been growing at a rapid pace in China and other regions, it may also be a concern for the traditional automakers, who are expanding in the EV...
