The company Xiaomi Communications Co, known for making devices smartphone, is the latest company to enter the electric vehicle industry. According to information, Xiaomi intends to create its own EV brand. The company will use a Chinese production unit owned by Great Wall Motors.
Today, Xiaomi is a successful electronics company based on the Internet of Things (IoT) platform. Manufactures smartphones, applications for laptops, laptops, home appliances and even scooters. In recent years, however, the company has lost its leading position in smartphone sales in China. Looking ahead, it is looking for new markets to maintain its international status.
In accordance with Reuters, three people have confirmed Xiaomi's plans for electric cars, which will be released on the world market.
Great Wall Motors will offer engineering process advice to speed up the project, along with manufacturing services at Xiaomi.
Great Wall Motors is a well-established Chinese automaker and the largest provider of SUVs and trucks in the country. While the manufacturer has over thirty years of auto manufacturing experience, it has only recently expanded into the EV market.
In 2018, it introduced the ORA R1, characterizing it as one of the most economical electric vehicles available. Then, in 2019, Great Wall announced a partnership with BMW for the production of electric Minis. No further effort has been made since then for new electric cars from Great Wall Motors, so a partnership with Xiaomi and its resources is important to the company.
The gap between heterogeneous technology groups and the automotive industry is getting shorter and narrower nowadays, especially as EVs gain IoT connectivity and rely more and more on software to work properly. Companies like Sony have already introduced an EV concept and a vehicle has long been rumored by Apple.
So far, neither Xiaomi nor Great Wall have confirmed plans to produce EVs together, however, an acquaintance told Reuters that both companies are likely to make official announcements as early as next week.