Xiaomi Acquires Autonomous Driving Firm as It Looks to Boost Nascent Electric Vehicle Business - NewsBreak

Xiaomi said Wednesday that it had acquired Deepmotion, an autonomous driving company, for around $77.37 million to "enhance the technological competitiveness" of its electric vehicle business. In March, Xiaomi announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years. Xiaomi's electric and autonomous...