Xiaomi founder and CEO Lei Jun speaks during the company’s new product unveiling event in Beijing, China,  on 30 March 2021. Photo: Handout
Xiaomi founder and CEO Lei Jun speaks during the company’s new product unveiling event in Beijing, China, on 30 March 2021. Photo: Handout
Xiaomi

Xiaomi bets big on ‘smartphone with four doors’ despite huge challenges in electric vehicle market

  • Founder Lei Jun is hoping to turn cars into yet another connected device in Xiaomi’s IoT system
  • The move from traditional cars to electric vehicles mirrors the transition from feature handsets to smartphones, analysts say

Xiaomi founder and CEO Lei Jun speaks during the company’s new product unveiling event in Beijing, China,  on 30 March 2021. Photo: Handout
Xiaomi founder and CEO Lei Jun speaks during the company’s new product unveiling event in Beijing, China, on 30 March 2021. Photo: Handout
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