A few months ago, Xiaomi was planning to introduce its own range of Electric Vehicles (EV) which even led to the introduction of a separate company called Xiaomi EV Company Limited.
The company is called the Xiaomi Automobile Technology Co Limited and has been registered in Beijing thus having a capital of $156 million. The company will be hyper-focused on new energy vehicles, vehicle manufacturing, and technology development.
However, it is to be noted that the total capital of $156 million is only one-tenth of the company when it was registered back in September having a total capital of $1.56 billion. Moreover, it is rumored that the company will be working on car peripherals and accessors before their flagship car has been launched.
Xiaomi’s founder Lei Jun confirmed that the company will start mass-producing the EVs by 2024 which clearly indicates that we’ll be seeing the cars on the market around the same year.
Capable of conversing in both Chinese and English, Tencent’s large language model ‘Hunyuan’ is claimed…
Working on multiple AI models, Apple has allocated several teams who are working on artificial…
The world's largest offshore wind turbine has achieved a milestone by setting a new record…
YouTube is stepping into the world of gaming. YouTube has started testing out its gaming…
In a remarkable academic achievement, Abdullah Zaman, a Pakistani student hailing from Attock, has clinched…
Flying Bum, the world's largest aircraft is ready to launch in 2026. The Airlander 10…
Leave a Comment