Smartphone maker Xiaomi planning to sell electric vehicles in India

Editor@Throttle|Updated: December 15, 2017 8:45

Chinese smartphone maker Xiaomi, once billed as the world's most valuable startup, has made a regulatory filing in India saying its expansion roadmap in the country includes plans to sell electric vehicles and entering the payments bank business. 

According to Xiaomi's filing with the Registrar of Companies (RoC), the Beijing-based company said it can potentially sell "all types of vehicles for transport, conveyance and other transport equipment, whether based on electricity or any other motive or mechanical power, including the components, spare parts". Xiaomi in China has already launched electric bikes, including models that are foldable, bicycles and electric scooters.

Article Source : EconomicTimes