Xiaomi is wading into electric vehicles with a $10bn investment over ten years. Their goal is to provide quality smart electric vehicles. The company will be entering a fiercely competitive electric car market that also includes rivals Apple and Huawei.
Technically, the company's shares are currently trading near the . If it breaks the 23.6% Fibonacci level and takes hold above it, the price will likely exceed ATH in the mid-term.
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