Posting News, Xiaomi Develops the Latest Electric Car Technology Business, Xiaomi EV is ready to Compete with Tesla

Reporter:
Chalief Al Fatih|

Editor:
Chalief Al Fatih|

Saturday 09-04-2021, 17:21 WIB
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Xiaomi will soon introduce electric cars in 2023||stunningautos-com

POSTINGNEWS.ID: Xiaomi has again spread its wings in the world of its newest technology, After taking part and succeeding in the gadget industry.

This time it’s Xiaomi penetrated into the electric car business by establishing his first electric car company named Xiaomi EV (Electric Vehicle) Inc.

The initial step taken by Xiaomi was to allocate an investment of IDR 22 trillion for the new business unit.

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Xiaomi is also targeting a total investment of IDR 142.4 trillion in the next 10 years.

The electric car business will be Xiaomi’s mega project under the leadership of Lei Jun, Xiaomi’s CEO.

Previously, Xiaomi had acquired an autonomous car technology development startup, Deepmotion, for US$77.4 million or around Rp. 1.1 trillion.

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This acquisition is believed to strengthen Xiaomi’s business development in the electric car industry.

There are more than 300 employees who are claimed to have been employed by Xiaomi to develop the electric car business.