Xiaomi is currently in the process of purchasing the smart car start-up DeepMotion Tech Limited for USD 77.37 million. He also noted that they are in the process of hiring new talent for its new smart car unit. “We want to shorten the launch lead time for our smart EV products.” This is not Xiaomi's first time in the auto-driving market. All of which, including the acquisition of DeepMotion, are in line with Xiaomi's 10-year smart electronic vehicle (EV) plan, which estimates a budget of USD 10 billion. To complete Xiaomi’s full purchase of DeepMotion Tech Limited, they have entered into a share purchase agreement with the smart car start-up. Xiaomi has launched the Smart Band 10 Pro in the Philippines, adding a new fitness-focused wearable to its expanding AIoT lineup alongside the recently announced Xiaomi 17T Series. The Smart Band 10 Pro is part of Xiaomi’s broader push toward connected devices covering wellness, smart home products, and audio accessories. Pricing starts at PHP 4,499 for the standard Xiaomi Smart Band 10 Pro, while the Special Edition is priced at PHP 5,399. Read more in our articles including "Xiaomi acquires smart car start-up 'DeepMotion' for USD 77.37M" and "Xiaomi launches Smart Band 10 Pro in the Philippines".
Xiaomi is currently in the process of purchasing the smart car start-up DeepMotion Tech Limited…
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Jun 16, 2005Xiaomi is currently in the process of purchasing the smart car start-up DeepMotion Tech Limited for USD 77.37 million. He also noted that they are in the process of hiring new talent for its new smart car unit.
“We want to shorten the launch lead time for our smart EV products.” This is not Xiaomi's first time in the auto-driving market. All of which, including the acquisition of DeepMotion, are in line with Xiaomi's 10-year smart electronic vehicle (EV) plan, which estimates a budget of USD 10 billion. To complete Xiaomi’s full purchase of DeepMotion Tech Limited, they have entered into a share purchase agreement with the smart car start-up.
Our coverage of Xiaomi Smart Car includes: "Xiaomi acquires smart car start-up 'DeepMotion' for USD 77.37M"; "Xiaomi launches Smart Band 10 Pro in the Philippines"; "Smart Bro now up to 2Mbps". Each article provides unique insights and information.