{"id":214508,"date":"2021-03-30T13:16:51","date_gmt":"2021-03-30T10:16:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/xiaomi-confirms-its-making-an-ev-will-setup-a-10b-entity-to-build-it\/"},"modified":"2021-03-30T13:16:51","modified_gmt":"2021-03-30T10:16:51","slug":"xiaomi-confirms-its-making-an-ev-will-setup-a-10b-entity-to-build-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/xiaomi-confirms-its-making-an-ev-will-setup-a-10b-entity-to-build-it\/","title":{"rendered":"#Xiaomi confirms it\u2019s making an EV \u2014 will setup a $10B entity to build it"},"content":{"rendered":"<p>&#8220;<strong>#Xiaomi confirms it\u2019s making an EV \u2014 will setup a $10B entity to build it<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/05\/Xiaomi-India-796x418.jpg\" \/><\/p>\n<div>\n                                Xiaomi confirmed today it\u2019s building an electric vehicle and also setting up a separate entity to do so.<\/p>\n<p>In an announcement today, the Chinese tech giant said that for the initial phase it\u2019s investing 10 billion RMB ($1.5 billion). Additionally, Xiaomi plans to invest $10 billion over the coming 10 years.<\/p>\n<p>                <iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/avz903cxvd?videoFoam=true&amp;autoplay=true&amp;silentAutoPlay=true\" title=\"Bumper 06 Video\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen=\"\" msallowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/p>\n<p>Lei Jun, CEO of Xiaomi, will also serve as the CEO of the new smart EV business.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Yes, we are going to build an electric vehicle. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/XiaomiEV?src=hash&amp;ref_src=twsrc%5Etfw\">#XiaomiEV<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/XiaomielEctricVehicle?src=hash&amp;ref_src=twsrc%5Etfw\">#XiaomielEctricVehicle<\/a><\/p>\n<p>For more information, please don&#8217;t miss out the launch event tonight.<\/p>\n<p>\u2014 David Liu (@DavidBlueLS) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DavidBlueLS\/status\/1376823788310962176?ref_src=twsrc%5Etfw\">March 30, 2021<\/a>\n<\/p><\/blockquote>\n<p>\u00a0<\/p>\n<p>Last week, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-xiaomi-electric-great-wall-motor-excl-idUSKBN2BI05P\">Reuters<\/a> reported that the company will use Great Wall Motor Co.\u2019s factory for manufacturing and the first model is expected to arrive in 2023. Till now, Xiaomi hasn\u2019t detailed its production and launch plans.<\/p>\n<p>Xiaomi\u2019s not the only company vying to enter the automotive market. We\u2019re expecting <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le to launch a car sometime this decade\u00a0and Huawei is also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-huawei-electric-exclusive\/exclusive-chinas-huawei-reeling-from-u-s-sanctions-plans-foray-into-evs-sources-idUSKBN2AQ0KD\">planning to produce an EV<\/a>.<\/p>\n<p>But there\u2019s another side of the business too. Chinese device manufacturer LeEco had invested in Faraday Future to compete with Tesla, but <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DavidBlueLS\/status\/1376823788310962176?s=20\">the whole project went bust in 2017<\/a>.<\/p>\n<p><em>developing\u2026<\/em><\/p>\n<p class=\"c-post-pubDate\">\n                                    Published March 30, 2021 \u2014 10:16 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/shift\/2021\/03\/30\/xiaomi-confirms-its-making-an-ev-will-setup-a-10b-entity-to-build-it\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Xiaomi confirms it\u2019s making an EV \u2014 will setup a $10B entity to build it&#8221; Xiaomi confirmed today it\u2019s building an electric vehicle and also setting up a separate entity to do so. In an announcement today, the Chinese tech giant said that for the initial phase it\u2019s investing 10 billion RMB ($1.5 billion). Additionally,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":214509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/shift?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/05\/Xiaomi-India.jpg&signature=4d60b04d720302ef0ee6a1a2ef1f3365","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-214508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=214508"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/214509"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=214508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=214508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=214508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}