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

  • Digitimes faviconDigitimes

    By Charlene ChenDec 17, 2024, 4:37 am196 pts
    photo of Xiaomi's CNY100 billion cash reserve is seen as lifeline for its automotive ambitions imageGiven 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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