The date marks the next great goal for the company’s fledgling electric vehicle (EV) division, which Xiaomi formally announced earlier this year.
Xiaomi shares rose 5.4%, the largest daily percentage increase since May 12, extending its gains for the third consecutive session. Earlier, in March, Xiaomi said it would invest $ 10 billion in a new electric car division over the next 10 years. The company completed business registration for its electric vehicle unit in late August.
The company has increased the hiring of the unit, although has yet to reveal whether he will produce the car independently or through a partnership with an existing automaker.
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