The project of the first electric car from Xiaomi is gaining momentum. The company is working hard on it, but it is still a long way from mass production.
It won't be that near
Original information they showed as early as the beginning of 2022, but the reality is somewhere else. It is obvious that society really cares about this project. As Xiaomi CEO Lei Jun informed for the portal Reuters, Xiaomi Auto should start mass production in the first half of 2024.
This means that we could see the first vehicles on the roads as early as the end of this year or the beginning of 2025. The first pieces will definitely drive in China first.
In addition, the company informed that the assembly line will be located in Beijing, so we assume that if the company introduces this electric vehicle, it will at least initially be intended exclusively for the Chinese domestic market.
The company does not want to rush its car project
Xiaomi has already invested $ 10 billion in a new electric car project, and that amount will increase over the years. It is therefore logical that he wants to bring a first-class product to the market.
Over the years, it will try to eliminate all errors and shortcomings that occur during testing. The company has always been known for its excellent price-performance ratio. This should not be the case in this case either.
Shares of Xiaomi jumped 5,4% to HK $ 22,50. This is the largest daily percentage increase since May 12. We wonder if Xiaomi wants to build her first electric car on her own, or if she will connect with an existing car company.
We know that in early September, Xiaomi registered her stamp Xiaomi Car and it already has at least 300 employees and at least 20 candidates apply for other positions.
How do you like the project of the first electric car from Xiaomi so far? Would you expect it on the market before 2024? Would you consider buying it? Let us know below in the comment below the article. Follow XiaomiPlanet, subscribe to news, and join our group on Facebookwhere we form an active Xiaomi community.
