Xiaomi's new move to build a car, aiming at the car core and power system

Since its official announcement in March 2021, Xiaomi has made frequent moves in the automotive field, and has successively invested in many core technology fields of the automotive industry, such as intelligent driving, in-vehicle chips, and power batteries.Recently, Xiaomi has invested in two more upstream companies.

The Qichacha APP shows that on June 28, Shenzhen Xinneng Semiconductor Technology Co., Ltd. underwent an industrial and commercial change, adding Hubei Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership) as a shareholder.

It is reported thatShenzhenXinneng was established in 2013, the legal representative is Liu Jie, the registered capital is 19.8697 million yuan, and its business scope includes: research and development and design of electronic components, integrated circuits, semiconductor discrete devices, and software products.

In fact, Xiaomi has already paid attention to Shenzhen Xinneng.At the end of April 2022, Xiaomi’s production and investment department exclusively participated in Shenzhen Xinneng’s C+ round of financing of nearly 100 million yuan.This round of financing will be mainly used to strengthen Shenzhen Xinneng's R&D investment, especially the development of new energy andnew energy vehicleproducts, to improve the company's technical level; to supplement working capital and expand its business scale; to invest in fixed assets to consolidate its overall strength.

In addition, Shenzhen Zhongdrive Motor Co., Ltd. has also undergone industrial and commercial changes a few days ago, and the company's legal representative was changed from Yang Shuai to Kuang Outline.Added Hanxing Venture Capital Co., Ltd., an affiliate of Xiaomi, as a shareholder, holding 9% of the shares.

It is worth mentioning that in the field of power batteries, Xiaomi has invested in Ganfeng Lithium Battery, Honeycomb Energy, AVIC Lithium Battery, WeilanNew Energyand many other battery companies. The upstream and more core power system sector.

According to the company's information,China Drive Motorwas established in August 2016 with a registered capital of about 12.6582 million yuan. It is a power system service provider, specializing in the development and production of brushless motors, drive control systems, geared motors, etc. The products are used in automation control Equipment, automotive systems, communication equipment, security monitoring, drones and other industries.