March 1, 2021

Xiaomi is said to be planning to build its own car

Image Source: XIAOMI

Xiaomi is said to be planning to build its own car

With the announcement of a partnership with Chinese technology company Hawaii Hikar & PAC to develop the smart car, it seems that Xiaomi is also planning to enter the same market.

According to an Ifengnews report, several sources have recently stated that Xiaomi plans to build its own car and consider it a strategic decision, but the specific details and the path it will take have not yet been determined.

As for project leadership, Lee Joon, the current CEO of Xiaomi, will be in direct charge.

In 2013, Lee Jun visited the United States twice to meet with Tesla CEO Elon Musk, and now it seems that its interest in the industry has grown.

According to the report, diversification is coming as the smartphone market is facing stagnation. Also, the electric smart vehicle market is becoming popular.

Smart vehicles are also in demand in the Indian market, with auto companies such as Tata and Mahindra offering their electric vehicles.

Meanwhile, Apple is also working on an electric car, which is expected to be built on Hyundai’s electric vehicle platform, and will pave the way for newer vehicles in collaboration with early model General Motors and European manufacturer PSA.

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