The Chinese giant is entering the automotive field.
Invest $ 10 billion in the next decade
Shiomi declares its entry into the field of smart electric vehicles.
In an official statement issued by the company on the Hong Kong Stock Exchange, the company stated that the vehicle will operate under a wholly owned subsidiary of Shiomi and will be managed by Shiomi founder Lei John.
Shiomi will invest about $ 10 billion in the electric vehicle sector over the next ten years.
According to Lei John this will be the last big entrepreneurial project to run in his life.
In an official statement from Shiomi, he added: “I am ready to put all my personal reputation on the line and fight for the future of our smart electric vehicle!
I am determined to lead my team to fight for the success of Shiomi's electric vehicle. ”
On the way to this decision, they conducted a 75-day marathon that included a thorough and comprehensive study of the electric vehicle industry, 85 meetings with more than 200 industry experts, four discussions on internal management and two board meetings.
A marathon that the company eventually decided to embark on this adventure.
The current era, which illustrates a revolution in the automotive field, makes it very easy for new manufacturers to enter the field.
China itself has hundreds of car manufacturers and the Chinese market is the most advanced in the world when it comes to electric vehicles.
In electric days where traditional benefits created over decades are slowly disappearing, a successful company like Shiomi has a chance to raise its head.
It will most likely make this move while relying on one of the largest manufacturers in China.
Shiomi is at its peak and is not the first company to sweat that smart electric vehicles have fundamentally changed the business model of the traditional car industry.
Apple and Samsung are two examples that are easy to remember now.
To Shiomi's credit, there is a clear advantage over these two.
This company has extensive experience in the fields of software and hardware and selling them in huge quantities.
And here it should be remembered that this is a company that produces a huge variety of products.
According to John Lay - “Smart electric vehicles are one of the biggest business opportunities of the next decade and are a necessary component in smart life.
Entering a business is a natural choice for us as our mission is to let everyone in the world enjoy a better life through innovative technology. ”
