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The initial investment for this venture was set at 10 billion Chinese yuan, with an expected total investment of 10 billion US dollars over the next 10 years. Lei Jun, the CEO of the group, would also serve as the CEO of the intelligent electric vehicle business. [2] On September 1, 2021, Xiaomi Automobile Co., Ltd. was officially established.
Xiaomi has teased its expansion to electric cars for years. In March 2021, the company announced $10 billion in investment over ten years to eventually offer "quality smart electric vehicles."
Redmi is a subsidiary company owned by the Chinese electronics company Xiaomi. Redmi's line of products ranges from smartphones and power banks to laptops, Smart TVs, and wireless earbuds, typically sold at a price lower than Xiaomi-branded ones. This list is made according to Chinese names if the device has multiple names.
Poco (stylised as POCO), formerly known as Poco by Xiaomi is a Chinese brand owned by Xiaomi that specializes in smartphones. The Poco brand was first announced in August 2018 as a mid-range smartphone line under Xiaomi. Poco India became an independent brand on 17 January 2020, [1] [2] [3] followed by its global counterpart on 24 November 2020.
Xiaomi’s new five-seat sedan will have a range of up to 500 miles on a single charge, a top speed of about 165 miles per hour, and a “super electric motor” that will allow it to accelerate ...
BEIJING (Reuters) -Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world's top five automakers.
The Xiaomi Mi 5c was launched in February 2017, the first phone with Xiaomi's in-house processor, Pinecone Surge S1. [8] [9] Xiaomi Mi 9 was launched on 20 February 2019 in Beijing, China. This is Xiaomi's first triple camera smartphone. It is powered by Snapdragon 855 SoC with 8GB RAM. [10] Xiaomi Mi 10 was announced on 13 February 2020. This ...
The starting price is about $4,000 cheaper than Tesla’s Model 3 sedan, which starts at 245,900 yuan in China. ... and smartest car” priced below 500,000 yuan ($69,180). “Xiaomi wants to ...