Xiaomi is entering the next market – does Tesla have something to be afraid of?

Xiaomi’s board has invested 10 billion yuan and officially launched a new company that will conquer the automotive market. The company celebrates this event as a real milestone. At the end of March 2021, Lei Jun, the founder of Xiaomi, announced plans to expand the company’s activities in the electric car segment. To this end, Xiaomi has committed to invest about $ 10 billion over the next 10 years. Since July 28, Lei Jun has been recruiting talents for the autonomous management department of the new company on the Weibo website. After careful recruitment, a team of about 300 specialists was formed. The main goal is to create your own electric car with many autonomous functions.

Employees of a new company called Xiaomi EV have already studied the possibilities of supply chains in the automotive industry. More than 2000 surveys and visits to more than 10 partner companies were also conducted, while work continued on the company’s own product. Lei Jun emphasizes that Xiaomi is more than ever ready to start a new journey and meet expectations in the segment of intelligent electric vehicles.