Share the QR code < / P > < p > with wechat scanning code to friends and circle of friends < / P > < p > < / P > < p > < / P > < p > on September 1, which is the opening day of school. Lei Jun's social media photo: Xiaomi Auto's new classmate, school starts today. And announced the name of Xiaomi Automobile Company: Xiaomi Automobile Co., Ltd < p > < / P > < p > Lei Jun said that Xiaomi Automobile Co., Ltd. has a registered capital of 10 billion and Lei Jun serves as the legal representative < p > in the recent financial report of Xiaomi, Wang Xiang of Xiaomi group said that from the current stage to the end of this year, the smart car business of Xiaomi will be in the stage of recruiting talents. He hopes that a better team can integrate into Xiaomi system < p > the financial report also shows that Xiaomi acquired Shendong technology, an automatic driving technology company, for us $77.37 million. Wang Xiang said that autopilot technology is the most important technology of intelligent electric vehicles, and Shendong technology has strong R & D capability, technology accumulation and landing experience in the field of autopilot. Xiaomi is very optimistic about the technical R & D capability of the Shenzhen dynamic technology team and hopes to accelerate Xiaomi's R & D in automatic driving technology through acquisition < p > < / P > < p > previously, Lei Jun, founder of Xiaomi, issued a recruitment notice on social media, announcing that Xiaomi's auto driving department was recruiting 500 technicians. Lei Jun said that Xiaomi automobile started the recruitment of the automatic driving department, will self develop the industry-leading L4 intelligent driving ability, recruit 500 automatic driving technicians in the first batch, and support multi office in the country < p > Wang Xiang said that since Xiaomi announced the car, it has received more than 20000 resumes and recruited more than 500 people in the first batch. It is understood that Xiaomi auto team has been carefully selected and formed a team of about 300 people < p > it is understood that in the five months from the announcement of car making to the formal registration of the company, Xiaomi automobile team has conducted a large number of user research and industrial chain investigation, conducted more than 2000 research interviews, visited and deeply communicated with more than 10 peers and dozens of industrial partners in the industry, and vigorously promoted the product definition and team building of cars < p > at the beginning of this year, Lei Jun announced that Xiaomi officially entered the intelligent electric vehicle industry. Lei Jun said at that time that he was very aware of the risks of the automobile industry, and it took 3-5 years for an investment of 10 billion to take effect < p > on March 30 this year, Xiaomi Group officially announced that it had approved the establishment of intelligent electric vehicle business. It is proposed to establish a wholly-owned subsidiary to be responsible for intelligent electric vehicle business. The initial investment is 10 billion yuan, and the investment is expected to be 10 billion US dollars in the next 10 years（ Quiet) < / P > < p > related reading: < / P > < p > < / P > < p > 36 krypton < / P > < p > Xiaomi auto recruitment will be fully open < p > 36 krypton learned from several sources that after opening a number of autopilot and cockpit posts, the whole vehicle part of Xiaomi will also be open for recruitment. At the same time, 36 krypton also learned exclusively about the stock incentive plan of Xiaomi automobile < p > according to the information obtained from Krypton 36, Xiaomi automobile will grant employees an independent automobile company option, which will be issued in five years. Although this is different from the 4-year limit on the market, it is consistent with the option issuance time limit of Xiaomi group, which is 5 years < p > after the option matures, there are two ways to realize it. The first is through the conventional listing channel, "one automobile option before listing corresponds to one automobile main stock after listing" < p > the second is that the main body of Xiaomi automobile is not listed, but the option can still be realized. From this plan, we can see Xiaomi's ambitious sales plan < p > according to the information obtained by 36 krypton, if the main body of Xiaomi automobile is not listed, employees can exchange their car options into Xiaomi restricted stock units of the same value according to the agreed performance milestones, "and cash them into Xiaomi shares or cash of the same value after 3 months" < p > the specific calculation rules are as follows: < / P > < p > - achieve small milestone 1 (new car release): realizable stock options that are not more than 30% mature < p > - achieve small milestone 2 (the annual sales volume of automobiles under healthy operation reaches 50W): the realizable value is no more than 30% of mature stock options < p > - achieve a major milestone (the annual sales volume of automobiles under healthy operation reaches 100W): realize the remaining mature stock options < p > Zhibai points out that if Xiaomi automobile is not listed, employees can exchange their options into Xiaomi restricted shares according to different performance anchors, and choose whether to exchange them into tradable shares or cash after three months < p > with regard to the above information, 36 krypton sought confirmation from Xiaomi group, but no response has been received as of press time < p > at present, the capital rhythm of car manufacturing companies is generally listed as soon as they get out of the car, which is not the case for Weilai, Xiaopeng automobile and ideal automobile. However, Lei Jun has always been cautious about listing. Xiaomi group has been running for eight years before landing in Hong Kong stocks. At the press conference announcing the construction of cars, Lei Jun said that he would invest US $10 billion in the construction of cars in 10 years without external financing < p > it can be inferred that the main body of Xiaomi automobile may not be eager to enter the open market. The subtext is that the sooner the annual sales of millions of units are realized, the sooner the options in hand can be realized. This is undoubtedly a charge for Xiaomi automobile and the employees who join Xiaomi automobile < p > like entering the field of smart phones, the time for Xiaomi to enter the automotive industry is also close to the Red Sea. In the internal letter at the beginning of the year, ideal automobile proposed to occupy 20% of the market of new energy vehicle industry in 2025. Based on the total amount of 8 million vehicles, ideal automobile will sell 1.6 million units. Although Weilai and Xiaopeng have not disclosed their sales plans, they are obviously not willing to lag behind. Moreover, there are a large number of players such as Tesla and independent brands of traditional car enterprises competing in the limited market < p > from the current point of view, the option realization conditions of Xiaomi automobile, although the challenge is not small, it is not radical to replace it into the market pattern in the next five years. Moreover, 36 krypton learned from the candidate of Xiaomi automobile that in the cash part, the offer offered by Xiaomi automobile is also competitive, about 20% - 30% higher than that on the market < p > on March 30, the listed body of Xiaomi group announced that the car manufacturing business was approved by the board of directors and an automobile company would be established. Lei Jun, founder of Xiaomi group, is the CEO of the automobile company. It is expected to invest US $10 billion in 10 years and RMB 10 billion in the initial stage < p > one quarter after the announcement of the project, the overall plan for personnel recruitment of Xiaomi automobile surfaced. On June 14, Xiaomi Group officially released more than 20 automatic driving business posts, including data platform, on-board infrastructure, decision planning, millimeter wave algorithm, development tools, front-end platform development, embedded software, control, perception, high-precision map, simulation platform, etc., and there is a word "urgent" before each recruitment notice. Now, the whole vehicle business is accompanied by personnelRecruit and start promoting < p > < / P > < p > we have to say that compared with Baidu's car building has entered the sludge model stage, Didi has accumulated the previous cooperative model D1, and the progress of Xiaomi's car building is a step slower. After smoothing out the structure, it's time for Xiaomi to speed up in an all-round way