{"id":408191,"date":"2021-03-31T11:28:04","date_gmt":"2021-03-31T05:58:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408191"},"modified":"2021-03-31T11:28:04","modified_gmt":"2021-03-31T05:58:04","slug":"xiaomi-to-make-electric-vehicles-lays-out-plan-for-10-bn-investment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/xiaomi-to-make-electric-vehicles-lays-out-plan-for-10-bn-investment\/","title":{"rendered":"Xiaomi to make electric vehicles, lays out plan for $10 bn investment"},"content":{"rendered":"<p>NEW DELHI: Chinese tech giant Xiaomi has now officially confirmed its entry into the electric vehicle (EV) space. The smartphone giant will set up a wholly-owned subsidiary to operate a smart EV business, it said. Xiaomi will initially invest 10 billion yuan ($1.52 billion) into the venture, with the total investment expected tp reach $10 billion over the next ten years. Xiaomi founder and Chief executive Officer Lei Jun will serve as the CEO of the new EV venture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Chinese tech giant Xiaomi has now officially confirmed its entry into the electric vehicle (EV) space. The smartphone giant will set up a wholly-owned subsidiary to operate a smart EV business, it said. Xiaomi will initially invest 10 billion yuan ($1.52 billion) into the venture, with the total investment expected tp reach $10 billion over the next ten years. Xiaomi founder and Chief executive Officer Lei Jun will serve as the CEO of the new EV venture.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,243,143],"tags":[],"class_list":["post-408191","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=408191"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408191\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}