The engineering prototype of Xiaomi’s very first electric car will be shown off in the third quarter of this year, according to Luo Baojun, general manager of Xiaomi’s Beijing-Tianjin branch, who also promised “breakthroughs” with the vehicle.
Xiaomi announced the production of its electric car in March last year, following which Xiaomi Automobile Co. Ltd. completed the industrial and commercial registration with a capital of 10 billion Yuan (around USD 1.57 billion). The company is being led by Lei Jun with over 500 employees working on R&D under him.
Plans show that Xiaomi Auto will build an EV factory in two phases in the Beijing Economic and Technological Development Zone (via My Drivers). The cumulative annual output of the factory is expected to be 300,000 vehicles, of which the first and second phases have a production capacity of 150,000 vehicles.
At the start of 2022, Lei Jun put forth a requirement for Xiaomi’s smartphone department to sort of become a middle ground for the entire company. This will encourage talent and technological transfers to the automotive business in the future.
In response to the new requirement, Zeng Xuezhong, senior vice president of Xiaomi Group and president of the mobile phone department, said that the Xiaomi mobile phone department is conducting monthly multi-dimensional technical exchanges with the automotive team involving battery, imaging, software, and supply chain.
The first mass-produced Xiaomi EV will be launched in the first half of 2024.
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