Xiaomi

Lei Jun, the founder, chairman and CEO of Xiaomi, recently visited China FAW Group in the northeastern province of Jilin for in-depth talks on a partnership.

Xiaomi's automotive business has big ambitions, with plans to launch its first model in the first half of 2024 and a new car in each of the following three years.

Hyundai has five passenger car production bases in China with a combined annual production capacity of 1.65 million units.

It's attractive for a city's administrators to have car companies come to their area. Now it looks like Beijing has finally gotten Xiaomi's car business.

Xiaomi's automotive business officially completed its company registration in China on September 1 with a registered capital of RMB 10 billion.

The method can determine the road conditions near a car door to determine whether that environment is suitable for the door to open, thus preventing injury to people or vehicles.

"Driverless technology is actually at the heart of smart electric vehicles. We are determined to be deeply involved and hope to shorten the time to market for our self-driving cars with this acquisition."

DeepMotion provides full-stack autonomous driving solutions, including technologies such as forward/round/perimeter vision perception systems and autonomous valet parking AVP solutions.

Svolt Energy added several new shareholders on August 18, including Hubei Xiaomi Changjiang Industry Fund, backed by smartphone giant Xiaomi.

Following reports on Thursday that Evergrande Group was in talks with companies including Xiaomi to sell stakes in its electric vehicle business, both of them clarified.