Xiaomi has confirmed its plans to enter the electric vehicle market in the spring of 2021. To implement them, it will invest $ 10 billion over 10 years. The manufacturer’s first vehicle will be called the Xiaomi M1.
Several high-quality renders of the future novelty were published on the official forum of the company. The images are not official. Their creator is the Chinese designer Mo Fei.
Recall that at the end of August, Xiaomi acquired the company Deepmotion, which specializes in autonomous driving. The deal is estimated at about $ 77.4 million. The Beijing-based manufacturer started the fall by founding Xiaomi EV with a registered capital of $ 1.55 billion.