It is interesting to see that Xiaomi’s automotive business is progressing well, despite the challenges of entering a new industry. The successful completion of the winter test and the rapid growth of the team behind the project are positive signs. The company’s plan to start mass production in the first half of 2024 is an ambitious goal, but if achieved, it could help Xiaomi gain a foothold in the competitive automotive market.
The significant investment that Xiaomi is planning to make in its automotive business is a clear indication of the company’s determination to succeed in this field. The decision to explore robotics is also a wise move since it can help improve the self-driving capabilities of cars and enhance the manufacturing process.
Lei Jun, deputy to the National People’s Congress and founder, chairman, and CEO of Xiaomi said at a meeting on March 5th that – Xiaomi will produce excellent vehicles for consumers and never live up to everyone’s expectations,”. Xiaomi Auto has made more progress than expected. Recently, the winter test has been finished and we expect to mass-produce within the first half of the next year.”
We invested about 17 billion yuan in research and development last year, and we will invest more than 20 billion yuan this year and at least 100 billion yuan in the next five years,” Lei Jun said. In recent years, Xiaomi has vigorously promoted the training and long-term incentives of technical talents through a series of measures such as the Young Engineer Program, Entrepreneur Program, and Million Dollar Award.
Lei believed that moderately lifting the restrictions on automobile modification and establishing national standards for modified spare parts and the automotive aftermarket can provide a foundation for the development of diversified automobile culture.
Overall, it will be interesting to see how Xiaomi’s automotive business develops in the coming years, particularly in the context of the growing trend toward electric and autonomous vehicles.
