Xiaomi Electric Vehicle Production Announced

Xiaomi has just revealed their announcement of manufacturing smart electric vehicles. The company has let out a picture telling us about the announcement of smart electric vehicles.

Xiaomi Electric Vehicles

Smartphone giant Xiaomi announced that it is entering the electric vehicle business. The company will operate a wholly-owned subsidiary to operate the electric vehicle business. The company estimates the eventual investment in the company in the next 10 years to reach $10 billion. Xiaomi CEO Lei Jun will serve as the CEO of the electric vehicle business, stated the company. Xiaomi plans to make electric vehicles (EVs) using Great Wall Motor’s factory.

Xiaomi Electric Vehicle

This image shows the complete announcements of what Xiaomi plans, It states that the company will start up an electric vehicle business and that the initial investment will be 10Billion RMD. After Apple now we should expect electric vehicles from Xiaomi? Well yes, after the announcement it has made it clear that we should expect vehicles from Xiaomi.

I am very excited, as the electric vehicle market is heating up, we are using smartphone companies step into the market, we will see many brands launch that gives competitions to the existing car brands and we also are seeing car makers such as Tesla trying to step into the phone market.

Xiaomi has already entered the smart home space so it is not hard to imagine a Xiaomi car. We already have seen routers, TVs, Weighting Scales, and even toothbrushes or vacuum cleaners.

I will be eagerly waiting for any smartphone company to launch the car, whether it’s Apple or Xiaomi. What do you guys say? Are you guys excited about the new cars? Can you guys wait till they launch? Will you ever purchase a car from Xiaomi? Share your thoughts in the comments below.

Read Also, Xiaomi Mi Mix Fold: Specifications, Features & Price

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