Xiaomi makes a new move to build a car and invests in Tongyu Auto, a developer of intelligent driving systems

Recently, Qichacha showed that Shanghai Tongyu Automobile Technology Co., Ltd. has undergone an industrial and commercial change, adding Xiaomi Group’s affiliated company Hainanimu Venture Capital Co., Ltd. as a shareholder, and the company’s registered capital has increased from 30.0778 million yuan to 32.2653 million yuan.

Shanghai Tongyu Automobile Technology Co., Ltd. was established in September 2016, located in Shanghai Anting International Automobile City, China. It is a high-tech company initiated and established by the scientific research team of Tongji University. .Tongyu Auto is committed to becoming a leading domestic first-tier supplier of automotive intelligent driving systems, focusing on the R&D and industrialization of "the next generation of key technologies for drive-by-wire chassis". Energy recovery systems and advanced driver assistance systems.

The shareholder of Hainanmu Venture Capital Co., Ltd. is Xiaomi Private Equity Fund Management Co., Ltd., which holds 100% of the shares of the former.It can be seen from the company's investigation that the business scope of Hainanmu Venture Capital Co., Ltd. is: venture capital (limited to investment in unlisted companies); investment activities with its own funds (general business projects are operated independently, and licensed business projects are based on relevant licenses. or approval documents for operation) (projects subject to approval according to law can only carry out business activities after being approved by relevant departments).

In addition to Tongyu Automobile, we also see from the list of invested companies of Hainanmu Venture Capital Co., Ltd.: Jiangxi Ganfeng Lithium Battery Technology Co., Ltd., Atech Automotive Electronics (Wuhu) Co., Ltd., Shanghai Jiangyan Intelligent Technology Co., Ltd. , Suzhou Qixin Micro Semiconductor Co., Ltd. and other ten companies, covering power batteries, intelligent vehicle equipment, electronic components, integrated circuit design, automotive chip design, etc., and they are all strategic investments.

Since Lei Jun made a high-profile announcement at the Xiaomi Spring New Product Launch Conference last March that he would enter the smartelectric vehicleindustry, Xiaomi Auto has little information about it except for some technical patents.However, judging from the list of companies invested by Hainanmu Venture Capital Co., Ltd. and the investment time, Xiaomi Auto is already quietly deploying.

In March this year, according to mobile phone China news, Luo Baojun, general manager of Xiaomi Beijing-Tianjin branch, revealed that the engineering prototype can be seen in the third quarter of this year, and said that "it will definitely break through everyone's imagination".

At the same time, every September is the flagship conference of Xiaomi. We will wait and see whether Xiaomi cars can be unveiled during this period.