Xiaomi will hit the electric vehicle market

Xiaomi announced this September 1 that it will hit the electric vehicle market. An expansion is which has been talked about since March of this year.

According to the Entrepeneur.com portal, the Chinese consumer technology company completed the industrial and commercial registration of the Xiaomi Automobile brand.

Xiaomi will hit the electric vehicle market

300 workers are already part of the new division that will bet on smart electric vehicles. This was highlighted by Lei Jun, founder, president and also CEO of Xiaomi. 

From entrepreneur They highlight that Xiaomi announced, through a statement, that they committed to investing 10 million dollars during the next 10 years.

In the statement, the founder of Xiaomi stated that the vehicle division started with a capital. Recorded over $ 1.500 billion.

Among the rumors surrounding Xiaomi's announcement is that its team of engineers would be receiving consulting from the Great Wall Motors firm, in addition to the fact that the Chinese company could seek to buy the Saab firm to boost its boom in the automotive market, also with the search of partners.

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