China’s Xiaomi is another mobile phone manufacturer that intends to offer cars. Xiaomi EV was led by the brand’s founder, Lej Ťün.
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The advent of electric cars has attracted to the automotive industry also entities that have not yet been interested in car production. Tesla’s success has attracted many technology companies. Most recently, Chinese Xiaomi, famous for its smartphones, is joining them.
The founder of the company, Lej Ťün, confirmed on his twitter that a new subsidiary, Xiaomi EV, has been officially registered, which, as the name implies, will deal with electric cars. Already in the spring, Lee Jun announced that he was planning such a step.
“Intelligent electric vehicles are one of the biggest business opportunities of the next decade and are an indispensable part of smart living.” innovative technologies, “said Lej Jun at the time.
At the same time, Lej Jün confirmed that Xiaomi EV was born with a capital of 10 billion Chinese yuan, which is about 33 billion crowns. Over the next ten years, it intends to invest another 215 billion crowns in this entity.
At the moment, it is not clear whether Xiaomi is planning an international expansion or plans to sell electric cars only in his home China. It is also not clear whether it will develop its own cars from the ground up or whether it will use the technical basis of another entity. There have been recent reports of asset purchase opportunities in the Evergrande Group’s automotive division, owning the remains of the former Saab. Xiaomi also announced last week the purchase of the Deepmotion start-up for autonomous driving systems. In any case, the Xiaomi EV division has 300 employees in the initial phase, but is also looking for other talents.
Xiaomi EV was led by the founder of the smartphone manufacturer, Lej Jün, who claims that this is his last project in the role of a businessman.
As the second largest smartphone manufacturer today (after Samsung), Xiaomi is not the only company that flirts with the idea of its own car. The competing Huawei also works on its own car. For years, there has been speculation about the arrival of the Apple Car American consumer electronics manufacturer with a delicious apple in the emblem.
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