Today, the Xiaomi community officially released several renderings of the Xiaomi M1 electric vehicle. It was created by “Mo Fei,” a Xiaomi community member.
The Xiaomi electric car M1 appears to have a streamlined body design. It has a simple and stylish appearance, and the wheels have a distinct texture. So, if the upcoming model has a similar appearance, it will be relatively simple to attract new customers.
In terms of software, the Xiaomi electric car M1 will use the MIUI For Car system. The latter will include intelligent control, automatic assisted driving, a Xiao Ai voice assistant, a large holographic central control screen, and other features. In addition, by charging for 5 minutes, the battery life can be extended to 1,000 kilometers.
Xiaomi Car Project
Xiaomi CEO Lei Jun officially announced Xiaomi’s entry into the smart electric vehicle industry in March of this year. During the special event, the company announced a 10-billion-dollar investment over the next ten years.
Xiaomi Auto, according to Lei Jun, is his final major entrepreneurial project. He also stated that at this time, he is willing to destroy his entire reputation in order to fight for the Xiaomi car concept.
On September 1, Xiaomi Motors announced that the industrial and commercial registration had been completed. Xiaomi Motors Co., Ltd. is the company’s name, and its registered capital is 10 billion yuan ($1.55 billion).
According to Lei Jun, ‘Xiaomi has a large project and has prepared $10 billion.’ So there’s every reason to believe Xiaomi has enough money to invest in car manufacturing. According to the most recent financial report, the company’s annual revenue in 2020 will be 245.9 billion yuan ($37.59 billion). Furthermore, its cash reserves are greater than 100 billion yuan ($15.29 billion).
Interestingly, we saw the chief designer of the BMW iX model in the group photo of the core team of Xiaomi cars shown by Lei Jun. This simply means that the quality of the Xiaomi cars may be comparable to that of a luxury brand.
Finally, we recently learned that China Evergrande Group is in talks with Xiaomi to sell a majority stake in its electric vehicle division. Of course, the talks are still in their early stages. But there is no smoke if there is no fire.