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The first electric car produced by Xiaomi’s automotive division could get a stylish yet simplistic design. At least, that’s what a keen designer from the official Xiaomi forum under the name Mo Fei, who published his own renders of the Xiaomi M1 electric car, thinks so.

The appearance of the future Xiaomi M1 electric car, according to the designer, will receive an optimal streamlined body with unique aerodynamics and will look simple and stylish. The electric vehicle control system from the smartphone manufacturer will run on the MIUI proprietary operating system for the car, will receive support for full autonomous driving technology, artificial intelligence technology and voice control.

It will be possible to control the parameters of the car and the operation of the Xiaomi M1 information and multimedia system using the central holographic screen. The car will receive large original wheels, cameras instead of rear-view mirrors, and one battery charge will be enough for an autonomous trip of 1000 km.

However, all this is still only the assumptions of a Xiaomi fan. The reality is that after announcing in March plans to enter the electric vehicle market and raising $10 billion over 10 years to do so, the company has already taken concrete steps in this direction and registered Xiaomi Motors on September 1st. The new division will be led by the founder, chairman and CEO of Xiaomi Group, Lei Jun. The authorized capital of Xiaomi Motors is $1.55 billion.

Xiaomi’s financial capabilities make it easy for the company to finance its own car company. Last year, the company’s revenue was $37.59 billion, and Xiaomi’s cash reserves are over $15 billion. It is noteworthy that the chief designer of the BMW iX electric car model appeared in a group photo of the Xiaomi Motors team, which makes it hopeful that the Chinese will also produce luxury electric car models.

Source: gizchina

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