Tech firm Xiaomi all set to manufacture its own Smart Car in couple of months

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According to various Chinese reports, the long-rumored Xiaomi Smart Car is all set to go into development in the upcoming months.

The tech firm has been working and researching automotive technology, all in the interest of making a grand entrance in the car market soon.

As per a report from 36KR, the news was shared by one of the investors who is a confidante to the company’s CEO and Founder, Lei Jun, who is leading the Xiaomi smart car project himself.

Reportedly, the company will focus on offering products that compete in the premium and mid-tier market. The cars produced by the tech firm will also benefit from the brand’s rich technological arsenal.

The report further states that Jun has been in talks with NIO, a Chinese automaker based in Shanghai specializing in building and designing Electric Vehicles (EVs). It adds that the co-founder and Vice President of Xiaomi, Wang Chuan, will also have a vital role in developing the Xiaomi smart car.

The tech firm has also been looking to establish ties with other EV makers as well, such as BYD. However, the report is still to be confirmed by the tech firm itself about whether or not the rumors about the vehicle’s impending development are true.

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