Sources revealed that Xiaomi's automobile manufacturing of $ 10 billion (S $ 13.781 billion) was ambitious, and electric vehicle projects encountered difficulties in obtaining the approval of regulatory agencies.
According to Bloomberg, people familiar with the matter revealed that Xiaomi had talked to officials of the National Development and Reform Commission for several months on the issue of licenses, but has not been able to succeed.
Xiaomi is the future of the Chinese electric vehicle industry. There are already many potential competitors in this field, such as BYD and Weilai Automobile, but Lei Jun, the co -founder of the company's billionaire, said that electric vehicles will be the electric vehicle.In his last battle, he hoped that Xiaomi's expertise in interconnection technology and building a loyal user community can be reflected in the world's largest electric vehicle market.However, the longer you get a license, the greater the leading advantage of competitors.
After the current revenue declined in the first quarter, Xiaomi is looking for a new area of growth.An unnamed person who is unknown said that some senior executives of Xiaomi will have hope for the official approved by the official, but others are worried that the process will cause the company's plan to delay.
Xiaomi established an electric car company in September 2021 to start the application procedure.
