Xiaomi confirms to build a car, Lei Jun personally leads the team

According to the "LatePost" report, the editorial team learned from multiple sources that Xiaomi has decided to build a car and regards it as a strategic decision, but the specific form and path have not yet been determined, and there may still be variables.


The report quoted insider sources saying that Xiaomi's car might be led by Lei Jun, the founder of Xiaomi Group.In addition to Apple and Baidu, there seems to be one more technology/Internet company ready to enter the automotive travel industry. According to LatePost, Xiaomi has decided to build a car and regard it as a strategic decision. 


The related business may be "personally led" by the founder of Xiaomi Group, Lei Jun. However, the report also pointed out that the specific form and path of Xiaomi's car making has not yet been determined, and there may be variables in the future.

Xiaomi only responded by saying "waiting for the announcement."

The fact that Apple built cars is an open secret. Analyst Ming-Chi Kuo previously predicted that Apple will release the Apple Car as early as 2025. He predicted that Apple Car will be positioned as a very high-end model, and the price and component costs will be significantly higher than that of ordinary electric vehicles.


Baidu announced last month that it will establish a smart car company with Geely Holding Group. The former will enter the auto industry as a vehicle manufacturer. Baidu CEO Robin Li stated on the earnings call yesterday that the CEO of the Geely electric vehicle joint venture had been appointed, but his name was not disclosed. 


He also said that the company has confirmed the new company brand and will try to launch a new electric car in about three years. According to Reuters, Baidu and Geely have hired Mobike co-founder and former chief technology officer Xia Yiping as the CEO of the newly established electric vehicle joint venture.


In addition, according to the news from the "Wall Street App", the Xiaomi Group rose rapidly in the afternoon. It is currently up 3.5%, and once fell more than 4% in the morning.

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