China technology company officially participated in electric car segments when establishing a subsidiary named Xiaomi EV with an initial investment of 1.55 billion USD 9: 00/1: 35 NAMXIOMI has just announced the business Electric vehicle segments and officially implemented investment plans to research, automobile production, CNBC reported.10 billion yuan, equivalent to 1.55 billion USD, which was initially invested for Xiaomi EV Inc. Newly established
. Initially, the company operated with 300 employees and was run directly by Lei Jun, the founder and CEO of Xiaomi.xiaomi EV will be run by CEO Lei Jun. Photo: Getty
General technology China said the electric vehicle project team made a series of market research, users' needs as well as exploring competitors in the past months to determine the development direction Products and forming a team for the new company. In the last August, Xiaomi announced that they had acquired the Deepmotion self-propelled car company for about $ 77.37 million to apply technology and increase competitiveness For its electric car segment. Long term, Xiaomi has planned to invest 10 billion USD in a decade to electric cars. In the present time, the company has not announced the image of the car concept. Before Xiaomi, another technology firm Huawei also encroached on the car segment when launching the first model in April at the upper car exhibition Sea. The product is developed by Huawei to develop with Cyrus, SF5 has a 1,5L gasoline engine that has been equipped with 2 electric motors to optimize the operation. China is one of the crowded tram markets And the most competitive in the world. In addition to large automakers and American Tesla carmin, the country of billion of trams started up with strong investments, such as NIO and Xpeng.Hoang Pham
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