Xiaomi wants to break into the top 5 car manufacturers in the next 20 years

Xiaomi CEO Lei Jun talked about the company’s ambitions in the car market. According to him, in the next 15-20 years, Xiaomi wants to take a place in the top 5 global car manufacturers. This may sound quite optimistic, considering that the company has not yet introduced its first car. However, more and more technology corporations are trying their hand at the electric car market, so why not give Xiaomi a try? Moreover, it the resources for this.

Lei Jun admits that Xiaomi Auto is 6-7 years behind its competitors in China, but the company’s first car should be released in 2024. By the way, recently electric car photos were posted. The company has extensive experience in software development and a variety of products, so they hope to catch up quickly.

Last year, the Xiaomi Auto division attracted $439 million in investment. The staff consists of more than 2,300 R&D employees. And the company’s first electric car has already started winter tests. So it looks like everything is going at a good pace. Even faster than expected.

Xiaomi’s vision is to offer seamless integration with all the devices in our lives— smartphones, smart homes, and cars. The company wants to provide users with a full range of devices and services.