Recently, Huawei has recently expanded its presence in the automobile industry. According to the latest news, it seems, Xiaomi is also looking forward to follow up the trend by entering the automobile market. A new report has suggested that Xiaomi is planning on building its own car.

iFengNews reported that it had gathered information from multiple sources which suggests that Xiaomi is planning on building its own car and is considering it as a strategic decision. However, the report does not quote any specific details or the exact path it aims to follow. The sources also claimed that as of now, there are many variables and nothing is set in stone.

According to a person familiar with the matter, the project will directly be led by Xiaomi’s founder and CEO, Lei Jun. It should be noted that as of now, the company has not yet commented anything about it.

Xiaomi is planning to diversify its product range by entering the automobile market
Xiaomi is planning to diversify its product range by entering the automobile market

Back in 2013, Lei Jun had visited the US twice to meet with Tesla CEO Elon Musk. It seems, his interest in the field has grown. The report pointed out that the diversification arrives as the smartphone market is currently facing stagnation.

On the other hand, the electric smart vehicle market has been seeing a rise in popularity so there are chances that Xiaomi expands its presence into an untapped market.

As we told earlier, Xiaomi has not yet responded to anything on this so currently, we have no way of confirming this report. It is recommended to consider this with a pinch of salt and stay tuned for more. We will update additional information as soon as something pops.

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