Xiaomi is currently in the process of purchasing the smart car start-up DeepMotion Tech Limited for USD 77.37 million. In a conference call after Xiaomi's second-quarter revenue report, wherein the Chinese tech giant reported a 64% increase in total revenue, Xiaomi President Wang Xiang said the company has already solidified its purchase of the autonomous driving technology firm DeepMotion. To complete Xiaomi’s full purchase of DeepMotion Tech Limited, they have entered into a share purchase agreement with the smart car start-up. The overall acquisition is estimated at USD 77.37 million, whereupon completion of the agreement, DeepMotion Tech Limited will become a fully-owned subsidiary of Xiaomi Corporation. Read more in our articles including "Xiaomi acquires smart car start-up 'DeepMotion' for USD 77.37M" and "BIR opens Tax Payer Portal".
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Apr 2, 2026Xiaomi is currently in the process of purchasing the smart car start-up DeepMotion Tech Limited for USD 77.37 million. In a conference call after Xiaomi's second-quarter revenue report, wherein the Chinese tech giant reported a 64% increase in total revenue, Xiaomi President Wang Xiang said the company has already solidified its purchase of the autonomous driving technology firm DeepMotion.
To complete Xiaomi’s full purchase of DeepMotion Tech Limited, they have entered into a share purchase agreement with the smart car start-up. The overall acquisition is estimated at USD 77.37 million, whereupon completion of the agreement, DeepMotion Tech Limited will become a fully-owned subsidiary of Xiaomi Corporation.
Our coverage of DeepMotion Tech Limited includes: "Xiaomi acquires smart car start-up 'DeepMotion' for USD 77.37M"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.