Xiaomi enters the electric vehicle market

One of the main surprises of the big two-dayXiaomi's presentation becomes the company's announcement of its intention to develop its own electric vehicle. While Apple is thinking about creating its own car, Xiaomi has officially announced plans to compete with Tesla and release its own "smart car".

A few hours before the start of the second daypresentation on the official Xiaomi resource on Twitter, a message appeared about plans to invest in the automotive industry up to $ 10 billion in the next 10 years.

Xiaomi told in more detail about the intentionsCEO and founder of the company, Lei Jun, who heads the division of the company, the goal of which will be to create a branded electric vehicle. The entrepreneur has good connections in this area, which he said at the presentation, showing a group photo with Elon Musk, the founder and head of Tesla.

Jun announced that Xiaomi's leadership is enoughhas seriously studied the issue of entering the electric vehicle market, having consulted with more than two hundred industry experts in 85 meetings over the past two and a half months. To make the final decision, the Xiaomi board of directors met twice during this time.

Insiders immediately showed their awareness and are already hinting that the Chinese automaker Great Wall Motors will be the main partner of Xiaomi in the creation of the first electric car.