HONG KONG (Reuters) – China’s Xiaomi said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 million yuan ($413,439.54).
Xiaomi is the world’s third largest smartphone manufacturer and ventured into making cars last year.
($1 = 7.2562 Chinese yuan renminbi)
(Reporting by Jessie Pang and Beijing Newsroom; Editing by Andrew Heavens)
