On May 19, Xiaomi released the Q1 financial report of 2022. Wang Xiang, President of Xiaomi, also responded to the news about the progress of Xiaomi automobile, saying that the plan has not changed and the core technology research and development is under way. Wang Xiang said that at present, Xiaomi has not made much progress that can be announced, Xiaomi is continuously investing resources in core technology research and development. At present, the original delivery plan remains unchanged and is going all out as planned**
Earlier, Xiaomi group announced that since the car making plan was announced in March 2021, Xiaomi's intelligent electric vehicle business has made more progress than expected.
Xiaomi group said that up to now, the R & D team of automobile business has exceeded 1000 people, in the future, it will continue to expand R & D in core areas such as autonomous driving and intelligent cockpit, and maintain the formal mass production expected in the first half of 2024**
According to the previous introduction of Xiaomi, the initial investment of Xiaomi's automobile business is 10 billion, and it is expected to invest 10 billion US dollars in the next 10 years. Lei Jun is the CEO of the company, and the core members include Wang Xiang, Lu Weibing, Liu De, Hong Feng, Li Xiaoshuang, etc.
Lei Jun said when announcing the car making that Xiaomi would spare no effort to build Xiaomi car with 108 billion yuan of cash reserves, more than 10000 R & D teams, the world's top three mobile phone businesses and the world's best intelligent ecology.
