Chinese sources report that Xiaomi is preparing to enter the car market. According to iFengNews, the Chinese company is seriously thinking about developing a car of its own production.
So far, no details and specific dates are known. A source close to Xiaomi claims that Lei Jun will personally lead the car project.
Back in 2013, the director of Xiaomi met with Elon Musk twice. And it looks like Lei Jun’s interest in cars has grown significantly since that meeting.
The source also added that Xiaomi is exploring a new area due to the smartphone market’s stagnation and the rise in the electric vehicles’ popularity. So far, Xiaomi has not commented on this news in any way.