Đích thân CEO Xiaomi Lôi Quân reveals the secret
In March 2021, Xiaomi announced its entry into the electric vehicle market with a $1.5 billion investment. Exactly three years later, in March 2024, Xiaomi unveiled its first electric vehicle, the SU7. On April 3rd, the first Xiaomi electric cars were delivered to customers in China.
CEO of Zhiji Motors admires Xiaomi’s production speed
Recently, CEO of Zhiji Motors, Lưu Đào, expressed his admiration on Weibo for Xiaomi’s fast production pace. However, he also posed a thought-provoking question: How did Xiaomi achieve such high production efficiency in a short period of time? This question has attracted significant attention and widespread discussion in the industry.
The answer lies in Xiaomi’s strong research and development capabilities
In a previous video interview, Xiaomi CEO, Lôi Quân, provided a clear answer to this question. He proudly stated that Xiaomi’s rapid progress in just three years is not a coincidence but attributed to the company’s strong research and development capabilities along with China’s robust supply chain ecosystem.
Lôi Quân further explained that with 14 years of entrepreneurial experience, Xiaomi has accumulated abundant human resources and technical expertise. For the automotive production project, Xiaomi has established a research and development team consisting of 4,000 engineers, including many senior experts. Leveraging their extensive experience and specialized knowledge, these engineers have provided strong technical support for Xiaomi’s automotive production journey, helping the company avoid many pitfalls in research and development.
The advantage of China’s supply chain ecosystem
Lôi Quân emphasized the advantage of China’s comprehensive supply chain ecosystem. He pointed out that China has a complete supply chain platform in the field of smart electric vehicles, which has facilitated Xiaomi’s automotive production plan. From small components to the complete production of vehicles, the efficient operations and abundant resources of China’s supply chain ecosystem have ensured Xiaomi’s smooth automotive production journey.
In fact, Xiaomi has made significant efforts in building a smart automotive supply chain. Over the past decade, Xiaomi has invested in more than 100 companies related to smart vehicles. These investments have not only provided abundant resources for Xiaomi but also accumulated valuable experience for the company.
Overall, Xiaomi’s success in the electric vehicle market can be attributed to its strong research and development capabilities, along with the advantageous supply chain ecosystem in China. With a dedicated team of engineers and a comprehensive supply chain, Xiaomi has managed to achieve remarkable progress in the automotive industry in just three years.
For more finance and technology-related articles, visit Business Today.