Chinese EV Revolution..Get Ready Elon..
Looking for the next big thing in electric vehicles? Meet Xiaomi – the smartphone giant that's about to give Tesla a serious case of range anxiety. Why Xiaomi's $5.5 Billion War Chest Changes Everything While Tesla's been busy with... let's call them "extracurricular activities," Xiaomi just secured a massive $5.5 billion funding round that signals a seismic shift in the EV landscape. This isn't just another Chinese startup burning through venture capital – this is a tech powerhouse with the resources and ambition to rewrite the rules of electric mobility. The Beijing-based company raised these funds through an upsized stock sale, moving 800 million shares at HK$53 each. Originally planning a smaller offering, investor demand pushed them to expand – a clear signal that the market believes in Xiaomi's electric dreams. Every dollar of this windfall is earmarked for research […]