Xiaomi backs Chinese auto electronics maker Atech's $69m Series C round

Xiaomi backs Chinese auto electronics maker Atech's $69m Series C round

FILE PHOTO: The Xiaomi logo is seen at a Xiaomi shop, in Shanghai, China May 12, 2021. REUTERS/Aly Song

Xiaomi has invested in auto electronics maker Atech Automotive, in the Chinese smartphone maker’s latest bet on the country’s auto industry after venturing into electric vehicle (EV) production last year.