Xiaomi has confirmed its plans to enter the electric vehicle market in the spring of 2021. To implement them, he will invest 10 billion dollars over 10 years. The manufacturer’s first car will be called Xiaomi M1.

Several high-quality renderings of the future novelty were published on the official forum of the company. Images are not official. Their creator is a model of a Chinese designer.

Recall that at the end of August, Xiaomi acquired the company Deepmotion, which specializes in autonomous driving. The deal is valued at approximately $77.4 million. The Beijing-based manufacturer started the fall with the establishment of Xiaomi EV with a registered capital of $1.55 billion.

Source: Gizchina

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