Xiaomi has demanded 1 million yuan (Rs 1,21,58,177) from Beijing Molding Technology Co Ltd as compensation and fine for leaking the electric car design.
Apart from the smartphone market, Xiaomi is now going to enter the car market. Xiaomi is about to present its great car. The car is not yet in the market. But its design has been leaked. Xiaomi has demanded 1 million yuan (Rs 1,21,58,177) from Beijing Molding Technology Co Ltd as compensation and fine for leaking the electric car design.
- Xiaomi’s car will be named MS11
Xiaomi’s EV will be named MS11. On January 22, Beijing Molding Technology accidentally leaked the design of the front and rear bumpers of the electric car. The company says that the drafts were leaked by sub-vendors, and that it was not directly responsible for the incident.
- Xiaomi asked for a huge fine of 1 million yuan
An agreement has been signed between Beijing Molding Technology and Xiaomi Auto. According to him, Beijing Molding Technology will be held responsible for the incident. Beijing Molding will have to pay a hefty fine of 1 million yuan to Xiaomi for the violation and tighten security measures.
- What did the CEO of the company say
Xiaomi CEO Lei Jun said that the company has zero tolerance for leaks. We expect partners and suppliers to observe confidentiality. Xiaomi will not accept or allow such incidents and will strictly deal with the defaulters. Apart from the fine, Xiaomi has asked for a report from Beijing Molding Technology, which will explain how to further improve the safety.
The design of the car has surfaced on social media. The car is seen in a sporty design and its name is being told as MS11 in the picture. The EV has been spotted multiple times in China with CEO Lei Jun behind the wheel test-driving the car. But the drive test has always been kept hidden. Let us tell you, Xiaomi had announced in 2021 that it was entering the EV sector and the company has planned to invest $10 billion in the next 10 years.