In late March this year, Xiaomi has officially confirmed that it will establish a wholly-owned subsidiary for the smart electric vehicle business. Now new information regarding the Xiaomi car manufacturer has entered the network.
As per the officials, Xiaomi is expanding its team to manufacture an electric car. The company even opened up several new positions in the company which include several categories.
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It includes Data Platforms, Vehicle-Mounted Infrastructure, Decision & Planning, Millimeterwave Algorithms, Development Tools, Front-End Development, Embedded Software, High-Precision Maps, Simulation, etc.
Looking at the job positions, it seems that the work address is based in Haidian, Beijing. Earlier, the company said that the Xiaomi Research & Development Headquarters will be located in Beijing but this hasn’t been confirmed by the firm.
Besides, the company plans to invest around 10 billion yuan ($1.5 billion) but over a period of 10 years. Xiaomi would have invested more than $10 billion for this new category of business.
Moreover, Lei Jun, the Chief Executive Officer (CEO) of Xiaomi will remain the CEO of the new smart electric vehicle entity. It’s been reported that Xiaomi smart car will be a customer product and will be targeted at the mass market.
