Xiaomi, a Chinese smartphone manufacturer, may soon showcase its first electric car, which might go into production by 2024. According to recent rumors, Xiaomi plans to reveal its first electric car prototype to the public, after which the company is expected to begin testing the vehicle. This aligns with the Chinese smartphone giant’s electric goals, which were made known last year with a $10 billion investment promise. Follow stoptechy to get more news about it.
Xiaomi electric vehicle pricing
Xiaomi is now working on the prototype for its first electric automobile, which will be released in August 2022. Xiaomi’s founder and CEO, Lei Jun, is anticipated to unveil the vehicle to the public for the first time. According to Sina Tech, Jun is also spending a lot of time at Xiaomi’s automotive headquarters in preparation for the debut.
Xiaomi’s first electric vechicle has yet to be leaked. Therefore very little is known. However, given that Xiaomi’s vehicle section currently employs former HVST Automobile Design staff, the Xiaomi electric car could be something to keep an eye on. The car shown as a prototype in August, followed by a testing phase shortly after. The car, however, is not projected to enter production until 2024.
Xiaomi’s vehicle range is projected to start at roughly Rs 17.7 lakh and eventually reach Rs 35.4 lakh. Reveal Xiaomi’s first electric vehicle in August.
Xiaomi’s vehicle division will also receive an R&D facility and a production unit in Yizhuang. The factory projected to have a production capacity of 3,00,000 units per year when fully operational.
Xiaomi plans to produce approximately 150,000 units in its first year of production, 2024. It has also been revealed that Xiaomi is considering releasing four models across multiple passenger car segments. The vehicles are also expected to offer level 2 autonomous driving, which could take the shape of an all-encompassing ADAS.