Xiaomi's CNY100 billion cash reserve is seen as lifeline for its automotive ambitions

Digitimes
By Charlene ChenDec 17, 2024, 4:37 am168 pts
Given the current competitive landscape among Chinese automakers, it is not surprising that new entrants face challenges in vehicle manufacturing. However, Ji Yue's recent turmoil seems to have inadvertently provided an opportunity for its competitor, Xiaomi, especially since CEO Jun Lei had previously boasted…

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