A Chinese insider, referring to information received from investors close enough to the head of Xiaomi Lei Jun, reports that the manufacturer is rapidly launching a project to create its own electric car – a full-fledged process should begin within a month or two. It is worth noting that the head of the new project has already been appointed – it is Wang Chuan, who has been working for Xiaomi since 2012. Previously, he headed the department responsible for the development of televisions, after which he worked in the personnel department of the company’s headquarters and worked in the department of large household appliances.
Also currently, Wang Chuan is a co-founder and chief strategy officer at Xiaomi, so many analysts consider him the most competent employee of the Chinese giant. In addition, against the background of the news that Xiaomi is seriously engaged in the creation of its own electric car, as well as after inside information about the appointment of such an experienced employee in this area, Xiaomi Group shares on the Hong Kong stock exchange instantly jumped by 2.6%. At the same time, the manufacturer does not plan to start its journey literally from the very beginning – Xiaomi wants to hire specialists from this field in order to catch up with competitors.
Since the end of February this year, Lei Zun, the founder of Xiaomi, has met with various experts from the automotive industry and has been actively looking for experienced employees in this area. Insiders report that Xiaomi plans to poach the top executives of the largest companies who will lead the Chinese giant’s automotive division. Unfortunately, there is almost no information about the car itself, on which the company will work – there is only a rumor that the new product will be similar to the Xiaopeng P7.
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