After car design leak, Xiaomi seeks economic compensation from supplier
By MYBRANDBOOK
After a supplier leaked early design drafts of an upcoming car model, China's Xiaomi has imposed a 1 million yuan ($149,000) penalty on it.
A spokesperson wrote on its official Weibo page that Xiaomi had "dealt seriously" with a Beijing-based molding technology company which on Jan. 22 publicly revealed images of an upcoming car's front and rear bumpers, violating a confidentiality agreement.
The name of the company was not disclosed by Xiaomi however.
As punishment, the smartphone-turned-car maker said it would impose "economic compensation" of 1 million yuan ($148,763) on the supplier. The spokesperson added Xiaomi had instructed the supplier to strengthen its information security management, and develop plans to upgrade its confidentiality measures.
The note was also circulated by Xiaomi CEO Lei Jun on his personal Weibo page.
Over the Chinese New Year, images purportedly showing mock ups of the front and rear of Xiaomi's upcoming electric vehicle (EV) spread on social media. It also showed a full view of what appeared to be a white compact sedan, with a license plate that read "MS11".
Though the leaks apparently marked the first confirmed images of Xiaomi's long-awaited automobile, Wang Hua, general manager of Xiaomi's public relations department, however said the leaked designs were part of a bidding process and were not final renderings.
In March 2021 Xiaomi announced it would enter the automotive sector, aiming to invest $10 billion in the project over ten years. Since then, the company has committed to opening a plant in Beijing that could produce 300,000 vehicles per year.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : MUKESH D. AMBANI
Mukesh Dhirubhai Ambani is an Indian businessman and the chairman and ...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...