As time goes by, many things can be done easily through increasingly advanced technology, one of which is in the field of transportation. The vehicle that is currently booming in the world is the electric car. Many developed and developing countries are already using electric car technology, for example, Indonesia, which recently became the destination for Tesla's electric cars.
Not only companies with electric car labels like Tesla, Now many smartphone brand companies are starting to build businesses in the realm of electric transportation, one of them is Xiaomi. Xiaomi recently announced its new company to handle the smart electric vehicle business line with initial investment 10 billion yuan.
This decision was informed to the Hong Kong Stock Exchange (HKEX) through official notifications and announced openly at the launch event which took place on 30 March 2021. Apart from that, it was also decided that Xiaomi would also commit to disbursing funds again 10 billion US dollars in 10 next year.
“Electric smart vehicles will become the biggest business opportunity in the next decade and are an inseparable part of a smart lifestyle. Entering this business is a natural fit for us as part of the expansion of the AIoT ecosystem and fulfills our mission of ensuring everyone can enjoy a better life through innovative technology,” stressed the CEO of Xiaomi, She Jun.
Lei Jun explained that the decision to form a new business was taken after a series of discussions with all Xiaomi partners. In 75 last day, Lei Jun witnessed detailed decision making in the form of rigorous and complete research on the electric vehicle industry covering 85 meeting with 200 specialist industry, four times debated at management level, and two council meetings.
Mi Fan's never-ending support and belief in Xiaomi's values were also determining factors in the company's final decision. This momentum is considered appropriate because Xiaomi is at its peak and has a solid foundation for building a smart electric vehicle business.
