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Xiaomi plans to venture into the electric car business with $10 billion dollars

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Xiaomi Electric Car

Xiaomi has confirmed that they are entering the electric car business. In a press statement, Xiaomi said that they will establish a wholly-owned subsidiary to be responsible for the smart electric car business. The initial investment is RMB 10 billion, and the investment is expected to be USD 10 billion in the next 10 years.

Mr. Lei Jun, the CEO of the Group, will concurrently serve as the CEO of the smart electric car business. Lei Jun, Chairman and CEO of Xiaomi Group, has earlier mentioned that Xiaomi has a big project coming and has prepared 10 billion U.S. dollars for it. He made this statement on Xu Zhiyuan’s dialogue column.

Xiaomi Ventures into electric car business

Lei Jun also said that this information is still in talks and will shade more light on it during a press conference tonight. If you don’t know, Xiaomi has another event scheduled today where they will likely unveil the new Mi Mix smartphone. This is not the first time we are hearing about Xiaomi joining the electric car business.

Bloomberg has earlier reported that Xiaomi plans to spend 10 billion US dollars to enter the field of electric vehicles. We are confident that Xiaomi has enough capital to venture into this business. Statistics from 2020 shows that Xiaomi shipped 146 million mobile phones in 2020, with annual revenue of 245.9 billion yuan, and cash reserves of more than 100 billion yuan.

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Richard is a mobile phone/tech enthusiast since he was 12 years old. He has helped over 100 people to make the best decision in buying smartphones and gadgets. Richard is also a computer science student and when not writing about tech, he is found bing watching videos or reading books.

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Samsung Galaxy S21 FE won’t be launched in August 2021 Samsung’s Unpacked event

No Samsung Galaxy Note 21 series this year as well

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Samsung Galaxy S21 FE specs

Samsung Unpacked event is scheduled for August 11 at 2 PM GMT. Samsung is expected to unveil a lot of products in that event such as the Galaxy Z Fold 3, Z Flip 3, Galaxy S21 FE, and the Galaxy Watch series devices.

The latest report we got is that Samsung won’t launch the Galaxy S21 FE in that event. This information was revealed by LetsGoDigital, who claim to have seen Samsung documentation “stating that the Galaxy S21 FE will not be introduced during the Galaxy Unpacked event.”

It doesn’t mean that the phone won’t be launched though, the launch might still happen later this year. It will be quite disappointing to Samsung fans as they were highly expecting the S21 FE.

In case there are people expecting the Galaxy Note series, you will be disappointed too.

Samsung’s co-CEO of IT and Mobile Communications division, DJ Koh, confirmed during Samsung’s 52nd annual shareholder’s meeting earlier this year that the company will launch a new Galaxy Note smartphone next year.

So as the Samsung August 2021 Unpacked event is fast approaching, don’t expect to see the S21 FE and the Note 21 series. The Galaxy Note 21 series will be launched next year while the Galaxy S21 FE launch is expected this year.

Samsung Galaxy Z Fold 3, Z Flip 3, and the Watch Active 4 rumours

The Galaxy Z Fold 3 has been on the rumour mill and some specs of the device had leaked.

According to a leakster, the upcoming Galaxy Z Fold 3 will be powered by the Qualcomm Snapdragon 888 chipset and not the newly announced Snapdragon 888+ SoC.

The chipset will be coupled with up to 512GB of internal storage, however, the amount of RAM is not known at the moment.

Talking about cameras, the handset will house triple 12MP sensors on the back. These could be paired with a wide-angle lens, an ultra-wide-angle lens, and a telephoto lens.

Additionally, the phone will come with two under-display cameras. A 16MP sensor will sit underneath the internal main screen, whereas a 10MP sensor will be behind the external cover screen.

It is said that the device will go on sale on August 27 in the US and the UK. The sales in India will commence from September. Regarding the Galaxy Z Flip 3, not much is known about the device but it is said to come with a bigger outer display.

The Galaxy Watch 4 Classic and the Active recently appeared on the Amazon Canada website. It revealed that they will come in 40mm, 42mm, and 46mm sizes. They will also come in Black and Silver colour options.

The Watch 4 Classic will be made of Steel while the Watch 4 will be made of aluminium. They come with 1.36-inches and 1.19-inches display sizes for the 44/46mm and 40/42mm variants respectively.

For the battery capacity, they have 361mAh and 247 mAh respectively. Amazon Canadian website revealed that the Watch 4 (40mm variant) will be priced at CA$309 (under USD 250) and the Watch 4 Classic (46mm) will be priced at CA$468.88 (370 USD).

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Micromax will hold a launch event on July 30 at 12PM in India

Micromax IN 2B is likely going to be unveiled on July 30 in India

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micromax launch event on July 30 2021

Micromax which is a mobile smartphone manufacturer in India is planning to unveil a new smartphone this July ending. According to a tweet they made public earlier, they are going to unveil a smartphone on July 30 at 12PM (India time) in India.

The company didn’t mention the phone they are going to launch. They tweeted with this hashtag “AbIndiaChaleNonStop” which means efficiency and power. This shows that the phone is going to be powerful and will probably have a big battery capacity.

While the company has not made the phone known to the public, speculations are saying that the device could be the Micromax in 2B smartphone. According to a report, Micromax will launch the Micromax in 2B this month and will launch the In 2C in August next month.

So it is safe to assume that the upcoming smartphone is the Micromax in 2B. Meanwhile, the In 2B and the In 2C had earlier appeared on Geekbench which revealed their hardware specifications. GeekBench shows that they will be powered by the Unisoc T610 chipset.

The Unisoc T610 comes with a processor that is clocked at 1.82GHz. It is a low-end chipset and it is inferior to the G80, G85, and G35 present in the In 1, In Note 1, and the In 1B smartphones respectively. GeekBench listing also shows that the upcoming In 2B and the In 2C will have a base variant with 4GB RAM.

They will run on the Android 11 operating system of course. The Micromax In 2C scored 347 in the single-core test and 1127 in the multi-core test. On the other hand, the In 2B, which is likely to unveil on the said date scored 350 in the single-core test and 1204 in the multi-core test.

Let’s be optimistic that Micromax will make the name of the phone they are going to launch on July 30 public before the launch date. By then, we will update you here on GizmoAfrica as well.

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Next Samsung Unpacked event to hold on August 11 next month

Take a look at the alleged Galaxy Z Fold 3, Z Flip 3, and the Galaxy Watch Active 4 launch date

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Samsung Unpacked August 2021

The date for the next Samsung’s Unpacked event has been leaked by MySmartPrice in collaboration with tipster Ishan Agarwal. According to them, the next Samsung Unpacked event will hold on August 11 next month.

The publication showcased the event invitation video which hints that Samsung’s foldable smartphones will be unveiled that day. When we say Samsung’s foldable, we are referring to the Galaxy Z Fold 3 and the Z Flip 3.

There are also reports that the Galaxy Watch Active 4 and Watch 4 Classic will be unveiled at that event, alongside the Galaxy S21 FE smartphone. The event is scheduled at 2 PM GMT/ 10 AM EST/ 7.30 PM IST on August 11.

Leaks and rumours about the Z Fold 3, Z Flip 3, and the Watch Active 4 series

According to a leakster, the upcoming Galaxy Z Fold3 will be powered by the Qualcomm Snapdragon 888 chipset and not the newly announced Snapdragon 888+ SoC. The silicon will be coupled with up to 512GB of internal storage, however, the amount of RAM is not known at the moment.

Talking about cameras, the handset will house triple 12MP sensors on the back. These could be paired with a wide-angle lens, an ultra-wide-angle lens, and a telephoto lens. Additionally, the phone will come with two under-display cameras.

A 16MP sensor will sit underneath the internal main screen, whereas a 10MP sensor will be behind the external cover screen.

It is said that the device will go on sale on August 27 in the US and the UK. The sales in India will commence from September. Regarding the Galaxy Z Flip 3, not much is known about the device but it is said to come with a bigger outer display.

The Galaxy Watch 4 Classic and the Active recently appeared on the Amazon Canada website. It revealed that they will come in 40mm, 42mm, and 46mm sizes. They will also come in Black and Silver colour options.

The Watch 4 Classic will be made of Steel while the Watch 4 will be made of aluminium. They come with 1.36-inches and 1.19-inches display sizes for the 44/46mm and 40/42mm variants respectively.

For the battery capacity, they have 361mAh and 247 mAh respectively. Amazon Canadian website revealed that the Watch 4 (40mm variant) will be priced at CA$309 (under USD 250) and the Watch 4 Classic (46mm) will be priced at CA$468.88 (370 USD).

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