Xiaomi announced yesterday that it has acquired Deepmotion for around $77 million. The Chinese company Deepmotion, founded four years ago, specializes in the development of self-driving technologies. If we compare this message with the recent information that Xiaomi wants to buy a large part of the electric vehicle division of the Evergrande Group, it becomes clear that the implementation of the plans outlined in March is well underway.

Recall that at that time, the company’s board of directors approved the establishment of a «smart electric vehicle business», and it was revealed that the company plans to invest $100 million in the project over the next 10 years. The importance of the new line of business is evidenced by the fact that it has been led by Xiaomi Chairman Lei Jun.