
Xiaomi is investing $10 billion to join the electric car race
CNN
A big smartphone maker is getting into electric cars. And it's not Apple.
China's Xiaomi announced Tuesday that it will invest $10 billion over the next decade in a subsidiary focused on the "smart electric vehicle business." The company said in a stock market filing that the new unit will be led by billionaire CEO Lei Jun. The initial investment will be worth 10 billion yuan ($1.5 billion), the company said.More Related News

Before South African high school students complete their final exams, they first walk the red carpet, pulling out all the stops for their celebratory matriculation, or ‘matric,’ balls. The photographer Alice Mann documented the increasingly lavish dances for five years in her new book, “The Night is Young.”












