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Xiaomi Group officially revealed the development status of Xiaomi Pilot Technology in the first R&D and staffing update since announcing its entry into the smart electric vehicle segment in March 2021, 500 days ago. Xiaomi plans to invest RMB 3.3 billion in the first R&D phase of its autonom
Xiaomi has revealed the Pilot Technology, which could propel it to the top spot in the electric vehicle segment.
Xiaomi Group, a Chinese tech leader, plans to invest RMB3.3 billion ($487.6 million) in the first R&D phase of its autonomous driving technology, and has established a sizable R&D team of more than 500 world-class professionals.
Lei Jun, the CEO of Xiaomi, launched the first progress report for Xiaomi Pilot Technology for autonomous driving.
Xiaomi announced its plans to invest RMB 3.3 billion ($490 million) in developing Xiaomi Pilot Technology. The investment pays R&D costs of the 500 researchers and acquisitions of 10+ enterprises.