Xiaomi bought a company specializing in autonomous driving

The Free News editors have already written about the financial report of Xiaomi, in which those who wish can find a lot of interesting numbers for themselves. But something remained behind the scenes.

As part of the same report, Xiaomi announced the acquisition of autonomous driving company Deepmotion for approximately $ 77.37 million. The purpose of the acquisition is to intensify its own research and development work in this area, said the president of the company Wang Xiang.

In March, Xiaomi announced that it would spend $ 10 billion to enter the electric vehicle market. The company has yet to officially announce partnerships or plans to create its first model, although public posts on job search sites indicate that the company is actively recruiting talent.

A source reported last week that China Evergrande Group is in talks to sell its EV division to Xiaomi. Xiaomi said that it has spoken with various automakers but has not yet decided which one to work with.

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Alexandr Ivanov earned his Licentiate Engineer in Systems and Computer Engineering from the Free International University of Moldova. Since 2013, Alexandr has been working as a freelance web programmer.
Function: Web Developer and Editor
Alexandr Ivanov

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