With the new 12S series, Xiaomi has hoped to compete with rivals by offering high-end smartphones at a competitive price.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
Chinese smartphone maker Xiaomi released the new Redmi Note phones on Tuesday, marking a further move into higher-end markets for the brand.
Leading automakers have been embracing high-voltage battery systems, a technology and a longer driving range.
Xiaomi has hired Yu Liguo, a former senior executive at state-owned automaker BAIC Motor, to lead its autonomous electric vehicle project.
The cell phone maker known as ‘the Apple of China’ has backed EV companies Nio and Xpeng. Its entry is expected to shake up China’s car market.
Xiaomi is the world’s second-largest smartphone maker by market share; its entry into the growing EV market may bring new competition to Nio, Xpeng, and Li Auto.
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Ninebot is expected to become the first foreign-registered company with a variable-interest entity structure to list on a stock exchange in Mainland China.
The handset maker joins Huawei in setting up a subsidiary in Tampere, where Nokia is also located.