Smartphone and home appliance manufacturer XiaomiHe also focused on car making business. The company’s founder and CEO, Lei Jun, is extremely committed to the project and apparently devotes half of his time and effort to the company’s automotive division.. Its CEO recently named Xiaomi Auto as one of the top five automakers in the world. The Chinese company seems confident about its new venture, as it has announced its ambitious goal of placing it in the middle of nowhere.
In an interview, Lei Jun said that Xiaomi Auto’s upcoming One of the top five automakers in the world in 15-20 years He said he wanted to be. He underlined that Xiaomi’s full control over Xiaomi Auto is the result of using the resources available throughout the company. The company’s numerous offline stores in China contribute greatly to the marketing of Xiaomi Auto.
The manager admits that Xiaomi is about 6-7 years behind the competition in China and plans to bring its first car by 2024. Lei Jun, Xiaomi strong background in software and user experience, He stressed that it would allow him to quickly narrow the gap in the automobile market. According to him, the software component of the development process has become more important recently.
Currently in the auto industry Big names like Volkswagen, Toyota, Mercedes and Ford judge. It may not be easy for Xiaomi to beat the established giants in the industry, but companies like Tesla have shown that it can be done.
Last year, Xiaomi Auto 439 million dollars investment and added more than 2,300 R&D personnel. Additionally, recent reports have revealed that the team at Xiaomi has been working tirelessly to start mass production of the first car by Q1 of 2024.