In recent years, more and more young brands have appeared in China, trying to win a place of choice in the market. So much so that even tech companies want to be entitled to their share of the pie as well. This is, for example, the case of Huawei, which joined forces with Changhan and battery giant CATL to create the Avatr and Deepal brands. We’re also thinking about Sony with its Afeela electric sports car, as well as Xiaomi. If the company is best known for its smartphones and electric scooters, it also recently unveiled its first electric car.
There is an exception to the end of sales of diesel cars in 2035, voted by the European Parliament: luxury cars (Ferrari, etc.). Of course, there are not many of them, so the emissions will be limited, but for the symbol and social justice, it will be necessary to return pic.twitter.com/6gPS9lc6ZE
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Big investments
The latter takes the form a Tesla Model S competitor sedan and is called SU7. If it will initially be sold in China, then it should reach Europe in the coming years. And in order to precisely find the place of choice, the manufacturer does not intend to save on resources, on the contrary. And it is not for nothing that the latter plans to invest at least 10 billion yuan in this project, which is roughly equivalent 1.3 billion euros according to the current exchange rate. In addition, the teams were also strengthened.
Big ambitions
In fact, the Chinese firm is now working at least 3,400 people in its automotive division, which is simply huge. In fact, such a project usually requires only 300-400 people, as well as an investment of 130 to 260 million euros. Suffice it to say that Xiaomi is absolutely not here to count the numbers and that it intends to conquer the Chinese market as well as Europe a little later. But nothing has been officially announced on this topic yet.
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Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.