Another major smartphone manufacturer may be entering the battery electric vehicle (BEV) segment after both Apple and Xiaomi tried their hand at BEV manufacturing with varying results. While Apple spent over a decade and invested a whopping $10 billion into its electric vehicle ambitions and ultimately shut the project down without selling a single EV, Xiaomi’s debut electric car was incredibly successful and the Chinese company has received hundreds of thousands of pre-orders.
The way in which phone makers are expanding the scope of their products shows other firms like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) that there are really no…
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