Amid such news, Xiaomi shares jumped 2,6% on the Hong Kong Stock Exchange, writes ITHome. At the same time, it is reported that the new vehicle from the IT giant will be positioned in much the same way as Xiaopeng cars. That is, as top-end cars, focused on using the latest technological developments.

The media reported that at the end of February, Lei Zun met with Li Bin, at which two tech businessmen discussed the issue of the future of a car from Xiaomi. Given the fundamental nature of the company’s approach, the question naturally arises: Is Elon Musk already going to strain?