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Briefs: Xiaomi to invest in EVs; Huawei reports slower earnings growth due to US sanctions

The Edge Singapore
The Edge Singapore4/1/2021 7:0 AM GMT+08  • 10 min read
Briefs: Xiaomi to invest in EVs; Huawei reports slower earnings growth due to US sanctions
Xiaomi plans to invest US$10 billion into electric cars and other news this week.
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Quoteworthy: "As far as WHO is concerned, all hypotheses remain on the table." –— Tedros Adhanom Ghebreyesus, director-general of the World Health Organisation, on the origins of Covid-19.

Xiaomi plans to invest US$10 billion into electric cars

Xiaomi Corp unveiled plans to invest about US$10 billion ($13.4 billion) over the next decade on manufacturing electric cars, embarking on its biggest-ever overhaul to enter China’s booming electric vehicle (EV) market.

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