Xiaomi acquires autonomous driving company Deepmotion for $77 million

Xiaomi said it would invest $10 billion into its electric car business over the next 10 years.

Xiaomi is getting serious about its electric car business.

CNBC reported Thursday that Xiaomi has acquired Chinese autonomous driving startup Deepmotion for about $77.37 million.

The company said the acquisition will help "enhance the technological competitiveness"...

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