Much rumour has surrounded the debut electric vehicle from Chinese smartphone manufacturer Xiaomi ever since early patent filing details surfaced online last year. But Lei Jun, founder, chairman, and CEO of Xiaomi Group, put them to bed in a recent conference that revealed more about the smart electric sedan.
During said conference, Lei Jun commented on the "century-old automotive industry" that offers "little room for manoeuvring today". Instead, Lei Jun stated that his company has invested heavily in "fundamental core technologies" of its upcoming vehicles so they not only seamlessly fit with the user's everyday life, but also help propel Xiaomi to the top five global automakers in the coming years.
