XIaomi EV company Archives - Gizmochina

Xiaomi Auto gains former Arcfox president Yu Liguo as new vice president

Zohaib Ahmed — Mon, 17 Jan 2022 09:57:26 +0000

Xiaomi on Friday appointed former BAIC executive Yu Liguo as vice president of its automobile business, an internal email revealed, signaling that the Chinese electronics giant is ramping up its efforts to make its debut in the said sector.

The new VP will be responsible for coordinating the overall management of Xiaomi Auto, which will include business promotion, organization, and talent building at the Beijing headquarters (via Pandaily). Yu had joined Xiaomi in the second half of 2021 and brings extensive experience and contacts from the automobile industry.

Source: Cheyun

This comes from his former position at BAIC, where he was in charge of the company’s new energy strategic planning, fixed investment, and joint venture cooperation. BAIC Group is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing.

During his time at BAIC, Yu led the creation of the Arcfox EV-maker brand and served as its president. The new Xiaomi Auto VP has also received a doctorate in engineering from the Beijing Institute of Technology.

Xiaomi has pledged to invest $10 billion into its EV business over the next decade, joining the already-crowded market with companies like Tesla, Xpeng, BYD, and others. It also revealed that its auto unit in Beijing will have an annual production capacity of 300,000 cars.

Xiaomi car team has over 500 R&D members, first model to launch in H1 2024

Sean — Wed, 24 Nov 2021 09:55:43 +0000

Earlier this week, Xiaomi had shared its latest financial report. This revealed that the company’s research and development department currently employs 13,919 members, with more than 500 of these members working on the company’s car project.

According to a new report, the near 14,000 member strong research and development department accounts for around 44 percent of the company’s total number of employees. Previously, we had also reported on the Chinese tech giant had officially registered its first automobile unit, with Lei Jun (Founder and CEO of the brand) leading the division with over 300 employees. The newly established smart electric vehicle business is also wholly owned by the company, while a second automobile unit was also established just a couple of days prior.

Furthermore, the financial report also reveled that the company’s EV business is progressing smoothly and that the first mass produced car will be launched in the first half of 2024. This is in line with our previous report from back in October. To further supplement its future plans of launching fully self driving cars, the brand had even acquired an autonomous driving based startup called Deepmotion in August 2021. Unfortunately, that is all the information we have at the moment. So stay tuned for more, as we will be providing more updates when additional information is available regarding this matter.

Xiaomi registers second car company as it plans to mass-produce its first model in 2024

Jed John Ikoba — Fri, 19 Nov 2021 16:32:00 +0000

Xiaomi announced plans to enter the smart electric vehicle (EV) industry earlier this year. To harp on the importance of the drive to launch its own EVs, the Chinese tech giant unveiled the Xiaomi EV Company Limited, the vehicle through which it hopes to achieve the dream of manufacturing electric vehicles.

Perhaps, in a bid to add more vigor to the drive, the company has now unveiled its second car company known as Xiaomi Automobile Technology Co., Ltd. The company which is registered in Beijing is said to have a registered capital of 1 billion yuan and the business scope includes new energy vehicles, vehicle manufacturing, and technology development.

The registered capital is one tenth that of the Xiaomi Automobile Co., Ltd which was kickstarted in September with a registered capital of 10 billion yuan. We can’t say for sure what the scope of the business will be like but we expect this new company to handle peripherals and accessories while the first company will be responsible for the actual vehicle manufacture.

Xiaomi’s founder Lei Jun recently disclosed that the brand was expected to start mass producing its own EVs in the first half of 2024. The company seems to have got all aspects of the emerging EV business figured out as Xiaomi’s exec Lu Weibing disclosed that the Xiaomi Home stores will be responsible for the sales and after-sale services in the future.