Xiaomi car news: $490 mln for making its own autonomous driving algorithm

We know that Xiaomi is making an electric vehicle. Today, at his annual speech, Lei Jun disclosed some detail concerning the development of the Xiaomi car.

Also read: Apple Car vs Xiaomi Car

Though there have been tons of rumors concerning the Xiaomi Car, Lei Jun said that Xiaomi will not refute the rumors in the next two years. At the same time, they will report the situation in the automobile business to everyone at a suitable node.

Xiaomi car

In this speech, Lei Jun revealed that Xiaomi chose autonomous driving as a breakthrough direction and adopted a full-stack self-developed algorithm.

Xiaomi car

Xiaomi invested 3.3 billion yuan ($490 mln) in research and development in the field of autonomous driving in the first phase. In effect, the company has established a research and development team of more than 500 people. At the same time, through wholly-owned mergers and acquisitions and industrial investment in upstream and downstream enterprises, it is promoting the medium and long-term industrial layout in the field of autonomous driving.

R&D autonomous driving

Also, the company demonstrated how the Xiaomi car autonomous driving technology works in real. In the video, the test car powered by Xiaomi’s self-driving technology can realize one-key summoning, U-turn, automatically bypassing temporarily parked vehicles, automatic bypassing vehicles in accidents, autonomous valet parking, and automatic avoidance of pedestrians, continuous ramps, and many more.

At the end of the video, the Xiaomi car showed off new technology. The charging robot next to the parking space automatically extends its robotic arm after the vehicle is parked in the parking space to charge the vehicle and realize unattended automatic energy replenishment.

The company said that Xiaomi’s autonomous driving technology has entered the testing stage. In the first phase, up to 140 test vehicles will use it. The goal is to appear in cars in 2024.

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