Xiaomi is preparing to dominate the electric vehicles space; sets up new EV company

Xiaomi is also aggressively hiring and investing into automobiles development talent.


Alfred Lee

7 Sep, 2021

Xiaomi is preparing to dominate the electric vehicles space; sets up new EV company | BEAMSTART News

Xiaomi, one of China's leading consumer electronics companies, is preparing to aggressively enter the electric vehicles space.

Since the company's announcement of entering the industry back in March, Xiaomi has been laying the groundwork to put their grand plans into motion.

What's Happening?

  • In a recent social media post by company CEO, Lei Jun, he announced that Xiaomi Auto Co. Ltd is now officially established, with a registered capital of $1.5 billion.
  • The company is also aggressively hiring, with plans to recruit at least 500 new talents focused on L4 automated driving technology alone.
  • Xiaomi has also begun applying for a series of trademarks and patents related to automobiles.
  • Xiaomi has also been investing heavily in artificial intelligence and vehicle hardware technology, making a series of 8 investments in chip companies earlier this year.

Why It Matters

  • Back in March, Xiaomi announced that the company plans to invest $10 billion into the electric vehicles industry over the next 10 years.
  • Since then, the company has been moving swiftly to lay the necessary foundations in order to build electric vehicles at scale.
  • Xiaomi, best known for affordable consumer electronics products, could bring significant competition into the growing electric vehicles (EV) market currently dominated by Nio, Xpeng, Tesla, among others.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Founding Backend Engineer

QFEX

England,

Full Time

USD 50000 — USD 150000 yearly

Founding Engineer

Bild AI

California,

Full Time

USD 100000 — USD 180000 yearly

Founding AI Engineer

Cekura

California,

Full Time

USD 120000 — USD 180000 yearly

Founding Engineer

Optifye.ai

Delhi,

Full Time

USD 2400000 — USD 4800000 yearly

Founder’s Associate / GTM Intern

Mercura

Bavaria,

Internship

USD 2500 — USD 4000 yearly

Electromechanical Engineer

Maritime Fusion

California,

Full Time

USD 120000 — USD 200000 yearly

Design Engineer

Scout

New York,

Full Time

USD 175000 — USD 250000 yearly

Sr. Sales Development Representative

GovEagle

New York,

Full Time

USD 80000 — USD 150000 yearly

Founding Product Engineer (aka Vibe Coder)

Cartage

California,

Full Time

USD 110000 — USD 160000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).