According to news on April 15th, Qichacha APP showed that Xiaomi Technology Co., Ltd. applied for the registration of multiple "米车" trademarks on April 1. The international classification includes 12 types of transportation vehicles, and the trademark status is in the process of registration. At the launch of Xiaomi's spring new products at the end of March, Xiaomi Chairman Lei Jun said that he would bet on the reputation of all his life and carry out the last entrepreneurial project-building a car. Lei Jun will personally lead the team to establish a wholly-owned subsidiary responsible for the smart electric vehicle business. It will not accept any external funds. The first phase will be 10 billion yuan and the next ten years will be 10 billion US dollars. Earlier, Lei Jun revealed that Xiaomi's first car is either a sedan or an SUV, with a price range of 100,000 to 300,000 yuan (USD $42857) . However, the issue of the Xiaomi car brand is still under discussion. The car may continue to use the Xiaomi brand or adopt a new brand. Xiaomi will make a decision after careful consideration and careful observation.