The head of Xiaomi commented on Apple’s decision to develop a car ᐉ News from Fakti.bg – Technologies

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Earlier this year, the Xiaomi company launched its first car, positioning itself as a significant contender in the potential electric car market, often seen as a direct competitor to the rumored Apple Car.

Lei Jun, founder and chairman of Xiaomi, expressed his surprise at Apple’s recent decision to stop development of an electric car. Considering Xiaomi’s commitment to expanding into the automotive industry as a key aspect of its long-term strategy, Lei is personally leading the project, overseeing its development and securing $1.4 billion in investment.

Despite Apple’s retreat from the automotive field, Xiaomi remains steadfast in its pursuit of car manufacturing. Lei emphasized through posts on social media that Xiaomi’s investment in this sector represents an unwavering strategic commitment, undisturbed by Apple’s exit.

At the same time, Ley was sympathetic to Apple, acknowledging the enormous challenges associated with manufacturing cars. Like Apple, Xiaomi started this venture from scratch, investing heavily in acquiring talent and cutting-edge technology. Xiaomi’s car development team consists of about 3,400 engineers, surpassing the 2,000 employees once employed in Apple’s now-disbanded car division.

Li Xiang, CEO of Chinese electric car maker Li Auto, praised Apple’s decision to shift its efforts away from car manufacturing, shifting resources to artificial intelligence initiatives. In a post on Weibo, Li Xiang supported Apple’s decision, saying that prioritizing the use of artificial intelligence is in line with the company’s strengths and future prospects.

While Apple has abandoned its electric car project and will shift some of its workforce, particularly to artificial intelligence ventures, it remains involved in the auto industry by offering software and services aimed at improving the driving experience.

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