No time right now?
The Chinese tech group Xiaomi is said to be considering building its own electric car. The possible Mi-Car project is to be led by Group CEO and founder Lei Jun.
The e-car industry is no stranger to Xiaomi. The tech group from China, which is best known in this country for its smartphones, is a shareholder in the Chinese Tesla challengers Xpeng and Nio. Both also rely on Xiaomi technology, for example when it comes to intelligent vehicle networking or vehicle apps. In addition, Xiaomi is said to have worked on the mini electric car Baojun E300. Now Xiaomi is allegedly considering building its own electric car.
Mi Car: The mobile phone market is weak, e-cars are booming
A possible entry into the electric car market is a strategic decision for Xiaomi, according to the Chinese online platform Late post citing a company insider. The smartphone market is stagnating while the electric car market is booming. The importance for the tech group shows another detail that the company insider mentioned: According to this, Lei Jun, founder and CEO of Xiaomi, should personally head the corresponding department in the group. However, there was no official confirmation of the development of a Mi Car from Xiaomi.
There is also a lack of further details on the possible Xiaomi electric car. To this end, the Late Post collected evidence of the Group’s interest in the e-car industry in recent years. In 2013, Lei Jun is said to have met Tesla boss Elon Musk several times in the USA. Lei Jun later described the electric car industry as very exciting. In addition, Lei Jun is said to have had talks with the Chinese e-car manufacturers Xpeng and Nio about the market, but initially didn’t seem very convinced of Xiaomi’s chances. That might have changed now.
Xiaomi electric car: Huawei and Apple are showing the way
The Chinese Xiaomi competitor Huawei recently demonstrated how an entry into e-mobility could work. The badly shaken because of the US sanctions Handybauer had with Driveone in November presented its own motor for electric cars. Above all, this should ensure that the batteries are recharged quickly. In addition to the hardware, Huawei has also developed electric car software. Apple is also supposed to be working on its own electric car. Most recently, it was said that production could start in 2024 or 2025.