2022 wasn’t a vintage year for former smartphone highflyer Xiaomi Corp. (1810.HK). With revenue from its core smartphone business dropping steadily and little relief on the horizon, the Chinese company is stepping on the accelerator for its recent drive into electric vehicles (EVs). But that decision, which will burn tens of billions of investment dollars, looks increasingly dubious as China’s once-vibrant EV sales show growing signs of braking sharply.
作者罗小芹，本文仅代表个人观点
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