Huawei has lately been increasing its presence in the auto trade, however now, it looks like Xiaomi can be planning on getting into the market as effectively. A brand new report has advised that the corporate is planning on constructing its personal automotive.

In line with an iFengNews report, a number of sources have lately acknowledged that the Chinese language tech large is planning on constructing its personal automotive and is contemplating it as a strategic choice, however the particular particulars and path it goals to take has but to be decided. The sources additionally claimed that there are numerous variables and nothing is about in stone. As per an individual accustomed to the matter, the venture will immediately be led by the smartphone maker’s Founder and CEO, Lei Jun, though, the corporate has but to reply when requested about this.

Again in 2013, Lei Jun had visited the US twice to fulfill with Tesla CEO Elon Musk and now evidently its curiosity on the sector has grown. The report provides that the diversification arrives because the smartphone market faces stagnation. Moreover, the electrical sensible automobile market has been seeing an increase in reputation. So, it gained’t arrive as an entire shock if the corporate goals to develop its presence into an untapped market, particularly in regards with its appreciable analysis and improvement staff and experience in digital {hardware}.

Sadly, Xiaomi has but to reply on this so we have now no method of confirming this report in the mean time. So, take this report with a grain of salt and keep tuned for extra, as we will likely be offering updates when extra info is on the market.

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