Xiaomi Declares Europe Foray in 2027 After EV Sales Gain Pace
Xiaomi Corp. has announced plans to expand its electric vehicle (EV) business to Europe by 2027. This move comes after the company's EV sales gained momentum in the Chinese market, where it has been operating for a year. The tech giant aims to compete with established players like Tesla Inc. and BYD Co. in the global EV market. Xiaomi's foray into the European market is seen as a strategic move to capitalize on the growing demand for EVs in the region. The company's decision to enter the European market by 2027 suggests that it is taking a measured approach to its global expansion, prioritizing the consolidation of its position in the Chinese market before venturing into new territories. Overall, Xiaomi's announcement highlights the company's ambition to become a significant player in the rapidly evolving EV industry, both domestically and internationally.
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