Xiaomi Invests R$ 10 Billion To Enter Electric Car Industry

Written by Valdemar Medeiros

Published on 31/03/2021 at 11:57

Updated on 31/03/2021 at 11:58

carro elétrico da Xiaomi – montagem Picsart

Be the first to react!

Xiaomi Beyond Technology Devices, Invests to Enter the Electric Car Market

The major smartphone manufacturer, Xiaomi, announced on Tuesday (30), that it will invest US$ 1.5 billion over the next decade in a subsidiary focused on the “smart electric vehicle business.”

Read Also

The New Product Launch event presented by Xiaomi was divided into two parts. On Monday (29), the company announced the arrival of the Mi Band 6, along with five new members of the Mi 11 lineup. And on Tuesday (30), Xiaomi took the opportunity to announce the Mi Mix Fold, the brand’s first foldable model boasting high camera technology and audio system, but not only that, Xiaomi also announced that it is entering the electric car business, the next investment field for the company.

Xiaomi stated in a communication to the stock market that the new unit will be led by the billionaire and CEO of the company Lei Jun. The initial investment will be 10 billion yuan (US$ 1.5 billion), the company said.

ARTICLE CONTINUES BELOW

Competitors of Xiaomi in the Electric Car Market

Currently, several companies in the technology market are considering investing and operating in the electric car sector. Apple has presented a more mature idea among all competitors, and has even negotiated partnerships with well-known companies in the automotive category.

Besides Xiaomi, Huawei has also shown interest in entering this promising market. Aside from these brands, we also have Tesla, Volkswagen, and General Motors making investments in the electric car market.

About Xiaomi

The company was founded in 2010 by serial entrepreneur Lei Jun based on the vision of “innovation for everyone.” It creates exceptional hardware, software, and internet services. The Chinese company is one of the largest smartphone manufacturers in the world, but it does not stop there, it produces a variety of technology devices, including home security cameras, electric shavers, toothbrushes, lamps, watches, and scooters.

The company’s profit last year increased by 17.5%, which is equivalent to 146.4 million units sold. Regarding this result, the company claims that sales saw a more significant increase in markets outside China.

Xiaomi Invests R$ 10 Billion To Enter Electric Car Industry

Xiaomi Beyond Technology Devices, Invests to Enter the Electric Car Market

Read Also

Competitors of Xiaomi in the Electric Car Market

About Xiaomi

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

Xiaomi Invests R$ 10 Billion To Enter Electric Car Industry

Xiaomi Beyond Technology Devices, Invests to Enter the Electric Car Market

Read Also

Competitors of Xiaomi in the Electric Car Market

About Xiaomi

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The truck that “bent physics” in the Monte Carlo case: report indicates impossible route between São Paulo and Mato Grosso, R$ 4 million in recorded refueling, R$ 3 million advanced, and suspicion of entries without real correspondence.

ANTT authorizes new electronic tolls without barriers on highways in Paraná and Goiás, expands free flow toll collection, and introduces drivers to a new rule that may result in a fine if the toll is not paid on time.

After 5 years stalled by the Supreme Court, the R$ 9 billion Ferrogrão railway is back on track to connect Sinop to Miritituba over 933 kilometers, transport grains by rail, and cut 50% of CO2 emissions from Brazilian agribusiness.

State of Logistics 2026 opens a survey in Brazil to map technology, electrification, sustainability, and logistics bottlenecks in Latin America.

While the US Navy still relied for decades on the subsonic Harpoon and Tomahawk missiles for naval combat, the US Air Force reactivated the AGM-183A ARRW program on May 12, 2026, in an anti-ship version capable of making a Nimitz-class aircraft carrier disappear in minutes.

The coastal El Niño is not the classic El Niño, but it already raises a question in Brazil: can the phenomenon alter rain, heat, and winter?

The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.