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Xiaomi enters the electric car business

Wironal by Wironal
October 24, 2022
Reading Time: 2 mins read
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Xiaomi officially announced yesterday that from now on, in addition to the world of smartphones and gadgets, it will also operate in the electric car market.

Xiaomi is currently the largest smartphone maker in the world, and it has taken this position by beating Samsung. The company, which has seen the title alongside its name for several years in a row, was replaced by Huawei for a short time last year, but lost it again due to sanctions and is now in a bad position.

  • The Xiaomi Mi Mix 4 will probably have a completely invisible camera under the display

Xiaomi electric car

A year later, we saw another Chinese company replace Samsung, ousting it. Of course, this is only true for a short period of time, but if Xiaomi can continue this growing trend and Samsung, on the other hand, continues to regress with strange policies, the Chinese company will definitely take its place forever.

After Xiaomi achieved its ultimate goal in the market of smartphones and gadgets, in the past, it officially announced its entry into another sector, and that is the electric car market; We had heard rumors and news about this before, but yesterday this event was officially confirmed by the company itself so that we can be sure about it. Xiaomi recently acquired DeepMotion, an automotive technology company.

It seems that Xiaomi has really entered this new business with a big goal and has invested close to $ 1.5 billion in it. More than 300 new employees have been hired to start the Chinese company’s new business with high motivation and new workforce. It is said that Xiaomi wants to invest another $ 1.5 billion in the electric car market, which will happen in the next 10 years.

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Of course, Xiaomi has not released much information about its plans for electric vehicles, and unfortunately we do not know anything about this. We do not know whether Xiaomi intends to produce an electric car or only the necessary parts and software for other companies. We will have to wait for more news on this issue.

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