Xiaomi invested in automotive control chip companies

Recently, Suzhou Qixin Micro Semiconductor Co., Ltd. underwent industrial and commercial changes, adding Hainan Jimu Venture Capital Co., Ltd. (Xiaomi affiliate) and Jiaxing Jijie Equity Investment Partnership (Limited Partnership) as shareholders, while the company's registered capital increased to about 9.8239 million yuan.

Suzhou Qixin Micro Semiconductor Co., Ltd. was established in October 2020, the legal representative is Wan Lush, and its business scope includes the sales of semiconductor devices special equipment; the sales of electronic products; the design and service of integrated circuit chips; and the sales of integrated circuits. Official information shows that Flag Core Micro is mainly engaged in the research and development and sales of automotive high-end controller chips.

Since the announcement of the first half of 2021 to build cars, Xiaomi has been laying out all the way in the industrial chain of the automotive industry. From talent recruitment to acquisition and shareholding in automobile-related enterprises, Xiaomi Automobile has become more and more extensive.

In November 2021, Xiaomi Automobile signed a relevant cooperation agreement with the Administrative Committee of Beijing Economic and Technological Development Zone and officially settled in Beijing Economic and Technological Development Zone. According to the plan, Xiaomi Automobile will build a vehicle plant in two phases of the Beijing Economic and Technological Development Zone, with an estimated production capacity of 300,000 units.

It is reported that the first car of Xiaomi Automobile will achieve mass production in 2024.

Xiaoxiang Morning News reporter Hu Xiong

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