Xiaomi plans to enter the vehicle industry with electric cars

The worldwide electric vehicle industry is growing rapidly. Due to increasing fuel prices, most people are showing interest in electric vehicles. in view of this interset of customers, new companies are entering this segment ,. now Xiaomi, a smartphone and electronic device’s manufacturer , is planning to enter this market as well. it is being clamied in the new reports that the company is working on to build an electric car.

According to the report published in iFengNews, several sources have revealed that the Chinese technology company Xiaomi is planning to manufacture an electric car. However, much information has not been revealed about this scheme yet. Sources also claimed that the scheme will be headed directly by the company’s founder and CEO Lei Jun, however, the company has not been replied to when asked about i

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Let me tell you that in the year 2013, Lei Jun met Tesla CEO Elon Musk in the US twice, since then, there has been speculation that the company can now enter the electric vehicle industry. However, Xiaomi has not yet given any response in this matter. We are keeping an eye on this project of the company and we will keep you informed of every update related to it.

At the same time, the demand for electric vehicles in the Indian market is also increasing. Domestic automakers Tata and Mahindra are offering their vehicles in this segment. On the other hand, Hyundai and MG Motors have increased competition in the electric vehicle market. Now, after such a technology company like Xiaomi enters the market, competition will increase even more

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