Xiaomi had lately been rumored to be apparently engaged on constructing its personal automotive. This undertaking was reportedly going to be led by the corporate’s Lei Jun. Nevertheless, the corporate has formally responded to those rumors and confirmed that there are presently no initiatives which have been authorized.

In accordance with a TechSina report, the Chinese language tech large lately addressed the current rumors. In an announcement titled “Clarification of Stories Concerning Coming into the Electrical Car Trade,” the model acknowledged that we should “wait and see” and nothing is confirmed as of but on the Hong Kong Inventory Alternate. The corporate additionally added that it had observed a number of media experiences of it planning on getting into the electrical car market, however it has but to to formally set up a undertaking but.

For these unaware, Xiaomi was rumored to be planning on constructing its personal automotive again earlier this month. These rumors had initially surfaced again in 2014 and lately began showing as nicely. Notably, the corporate’s response on the matter doesn’t explicitly denied that it is likely to be engaged on a automotive, solely that there isn’t a established undertaking for the time being. in different phrases, the corporate would possibly simply be in the early improvement or planning phases proper now.

In current occasions, numerous tech corporations have been exhibiting growing curiosity in the auto trade, particularly the electrical car market. This contains Chinese language manufacturers like Baidu, Ali, and even main world corporations like Apple. Sadly, it’s nonetheless too early to know for positive, so keep tuned as we might be offering extra updates concerning the matter when further data is offered.

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