Xiaomi aims to be one of top five car makers
Tech countries have been competing with each other even when it comes to EV. Chinese tech giant Xiaomi has some big plans.
Right now Tesla might have a rival for themselves in couple years. Chinese tech giant Xiaomi has some plans be strong with EV plans. Lei Jun, the CEO of Xiaomi, stated in an interview that one of the company's long-term goals is to rank among the top five automakers. Considering the explosive growth of electric vehicles over the past few years, it's not completely unthinkable for some old automakers to lose out and make room for new companies. Xiaomi thinks it has everything necessary to get there.
Xiaomi aims to be one of top five car makers
Lei Jun acknowledges that Xiaomi Auto in China lags behind the competition by around 6-7 years, but with a 2024 delivery date, this should happen soon enough. The business is banking on its considerable competence in software and overall user experience to catch up rapidly. In fact, according to Lei Jun, it might be argued that the software component of development is now more crucial than ever.
Things appear to be moving quickly as Xiaomi Auto attracted $439 million in funding last year, more than 2,300 R&D professionals, and the company's first car has already begun winter testing. even quicker than anticipated.
