Xiaomi Auto
小米汽车
Xiaomi Auto is Xiaomi's electric-vehicle arm, officially registered on September 1, 2021 with 10 billion RMB in registered capital and Lei Jun himself as legal representative. It followed Lei Jun's March 2021 pledge to invest US$10 billion over ten years — 10 billion RMB upfront — to build cars, which he called his last major venture, personally leading the team . Its product is the SU7, most recently refreshed in 2026 as the "next-generation driver's car" with full driver-assistance hardware including Hesai lidar, 4D millimeter-wave radar, and 700 TOPS of compute; Hesai has positioned itself as Xiaomi Auto's core strategic supplier through 2026–2027 . 5Y Capital counts Xiaomi Auto among its portfolio companies, named to the 2024 Forbes China Innovation 50 list .
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Coverage
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