Recently, Suzhou Qixin Micro Semiconductor Co., Ltd. has undergone industrial and commercial changes, adding Hainanmu Venture Capital Co., Ltd. (a Xiaomi affiliate) and Jiaxing Qijie Equity Investment Partnership (Limited Partnership) as shareholders, and the company's registered capital has increased to about 9.8239 million. RMB.

　　Suzhou Qixin Micro-Semiconductor Co., Ltd. was established in October 2020. Its legal representative is Wan Yucong. Its business scope includes sales of special equipment for semiconductor devices; sales of electronic products; integrated circuit chip design and services; integrated circuit sales, etc. Official information shows that Qixinwei is mainly engaged in the research and development and sales of high-end automotive controller chips.

　　Since announcing that it will build a car in the first half of 2021, Xiaomi has been deploying in various industrial chains of the automotive industry. From talent recruitment to acquisitions and stakes in auto-related companies, Xiaomi Auto’s layout is getting wider and wider.

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

　　It is reported that the first car of Xiaomi will be mass-produced in 2024.