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No more gossip. It is now official that Xiaomi is entering its field dynamically Electric Smart Car, as the company officially announced its entry into the electric car market.
As announced by Xiaomi, the new project of the company with the name has already started to be implemented Xiaomi Smart Electric Vehicle, which will belong entirely to her. The leader of this huge investment plan of Xiaomi will be the Lei Jun, which will be dedicated exclusively to its completion, and as it is said, this will be the last major work of the founder of the company before he retires.
Xiaomi has made it clear that it will not just focus on the Chinese market. Instead, the electric cars it will build should gradually become available around the world, so that in the long run Xiaomi wants to become a well-known electric car manufacturer around the world, and make its vehicles available everywhere.
Stock markets initially reacted positively to Xiaomi's new plans, and the company's share price rose slightly in Hong Kong. The conditions for Xiaomi's global success as an electric car manufacturer are basically good. China wants to ensure that at least 20% All cars sold in the country will be electric by 2025.
Xiaomi has obviously been interested in expanding into electric car manufacturing for a long time, and has already been in contact with the Chinese carmaker. Xpeng since 2019, which sells its own electric cars in China with quite a lot of success.
Xiaomi: Prepares to invest huge sums to build Smart electric cars (e-car)
As mentioned by some authoritative sources cited by Bloomberg The Xiaomi plans to invest approx 10 billions of dollars within the next decade, in order to establish itself internationally as a new manufacturer and supplier of electric cars.
This information comes from very well-informed sources that have a direct relationship with Xiaomi itself, but also in some official statements that the company has made from time to time.
These huge investments that Xiaomi will make in the construction of electric cars include partnerships with other manufacturers under contract, and Xiaomi wants to establish itself soon as a new manufacturer of electronic cars especially in the Chinese market for a start, and later and in other countries.
The founder of the company, o Lei Jun, again takes the lead in this huge importance and cost Project, and in fact is going to lead a new independent department of the company, which will be exclusively specialized in the development of new technologies and the manufacture of electric vehicles.
Initially, approximately 10 billion yuan equivalent to approximately 1,2 billions of euros, will be channeled by Xiaomi to develop new manufacturing technologies "smart vehicles». In fact, according to his sources Bloomberg, until 100 billion yuan will be channeled into this Project over the next three years, an amount equivalent to approximately 13 billion euros.
Η Xiaomi wants to keep about 60% of the share needed to fund this project while the rest 40% will be collected from external investors. According to the sources cited by Bloomberg, Xiaomi will use a production and distribution model that has already been implemented with great success in smartphone. According to the information, part of the construction of these vehicles will be carried out by other companies on its behalf, with which Xiaomi will cooperate.
In particular, Xiaomi plans to turn to independent companies that make parts of a car under contract, and not with other major well-established car manufacturers. A report from the news agency Reuters, shows that Xiaomi wants to work with the Chinese car industry Great Wall Engine to build her vehicles in one of her factories.
Also other large and well-known companies such as Foxconn, Pegatron and Co will play an important role in this new business Xiaomi. The Foxconn for example it is the largest manufacturer of electronic products in the world, with more than one million employees, and manufactures various electronic devices on behalf of other companies.
The herself Foxconn in fact, it had already announced that it would make huge investments in the production of new technologies for electric cars.
Xiaomi has already started working on the special software that will be used in its new cars, according to the new information coming from USA.
In fact, as it is emphasized, the founder of Xiaomi, o Lei Jun, made the final decision to proceed with this huge investment Project by name "E-Car", in recent weeks, after first examining in detail the market dynamics in its field Smart electric car.
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