Xiaomi founder and CEO, Lei Jun, recently revealed during that the company’s progress with its first ever electric vehicle has been exceeded expectations and that its mass production stage is not too far away.
The senior executive of the Chinese tech giant stated that the winter tests were also completely successful and he expects the car to launch sometime next year. Furthermore, he also revealed that he believes that mass production of the car can be achieved by the first half of next year. Lei Jun added that he spends half of his time working on the brand’s automobile project. As of 2022, Xiaomi has already invested over 3 billion Yuan (roughly 433 million US Dollars) into its Auto unit, with a team consisting of more than 2,300 individuals for the research and development into automobiles.
The company has built its own automobile base for car manufacturing in Yizhuang, Beijing, which also includes sales headquarters and research and development center. The company also plans to build a complete vehicle factory for the upcoming EVs that will be capable of producing around 300,000 vehicles in two phases. The first car model is expected to roll off the assembly line and achieve mass production by 2024.
Based on all the previous leaks, the Xiaomi Modena EV is expected to be a medium sized sedan that features a sporty design. While finer details regarding the upcoming car is still at large, reports have claimed that the vehicle could be priced around the 350,000 Yuan mark. This is all the information we have as of right, so stick around for more updates regarding this matter.
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