Chinese tech giant Xiaomiis making progress in its quest to produce an autonomous electric vehicle. The company may even rival Tesla with the technology it has mentioned recently. The Chinese tech giant has been in a business since May 2021. Xiaomi made a significant investment in the development of the automobile brand.
Xiaomi Its CEO, Lei Jun, announced its in-house autonomous driving solution called Xiaomi Pilot Technology. The new technology is being developed by the company’s R&D team with $500 million in funding. Xiaomi Pilot technologyIt’s the most important milestone in the company’s quest for a Xiaomi EV. The brand, which has proven itself in the smartphone industry, will now announce its name in electric vehicles. The technology is being touted as a new generation of self-driving technology. Xiaomi also shared a short video outlining the new self-driving technology.
Xiaomi introduced autonomous driving technology! (Video)
Xiaomi says it aims to be an industry leader in the smart EV industry by 2024. It recruited more than 500 experts to form the R&D team that drives its EV goals.
Xiaomi has made many strategic investments and acquisitions in this process. The company said it continues to add global talent to its R&D team, which is expected to reach 600 members by the end of the year. Xiaomi hopes to fully develop the technology needed for autonomous EVs without third-party inputs and in record time. Xiaomi already has direct involvement in up to 10 autonomous driving solution companies. Both the software and hardware aspects of Pilot Technology are overseen by Xiaomi.
Xiaomi Pilot Technology will have automatic robotic arm charging, autonomous valet parking, reserved parking space and many other innovative services. A fleet of 140 test vehicles will herald the birth of the new autonomous driving solution. Xiaomi has pledged to invest up to $10 billion in autonomous EV production. The company hopes to exceed its target within two years.