xiaomi electric car Archives - Gizmochina

Xiaomi Automobile to show off EV development progress with first prototype in Q3 2022

Zohaib Ahmed — Mon, 21 Mar 2022 10:29:28 +0000

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.

Xiaomi shares jump 5% following announcement about producing own electric cars in 2024

Zohaib Ahmed — Tue, 19 Oct 2021 13:21:41 +0000

Lei Jun, CEO of Chinese smartphone giant Xiaomi, on Tuesday revealed that the company is expected to mass produce its own electric cars in the first half of 2024. The comments were made at an investor event and were later confirmed by the company.

Right after the news, Xiaomi’s shares in Hong Kong jumped over 5% (via: CNBC).

The company’s previous major announcement regarding its new venture was made back in March where it had said that it plans to invest $10 billion into the business over the next 10 years. These plans were solidified last month when Xiaomi officially registered its electric vehicle business Xiaomi EV Inc. The novel company now has 300 employees and Lei Jun himself leads the group.

The Chinese market’s potential for electric vehicles is boundless. With incentives such as almost every fifth new car registered last month being rechargeable in the country, new players have been making their way into the market, which has now gotten more crowded than ever. Recently, even Chinese search giant Baidu launched an electric car company of its own in January, hiring a CEO for the business a month later.

When Xiaomi launches its own electric cars in 2024, it will be facing competition from companies like BYD, Nio, and Xpeng as well as from the American Tesla.

BYD Qin electric car

China’s electric vehicle market has had favorable government support over the last few years which helped the industry grow. While some of that support has been reduced, the market is still growing.

Over the last few years, China’s electric car sector has benefited from favorable government assistance, which has aided the industry’s growth. That backing may have dwindled but the market continues to grow. According to market research firm Canalys, 1.9 million electric vehicles will be sold in China in 2021, up 51% year on year.

Xiaomi Teases Launch of New Product on 12.12, Electric Car?

Jed John Ikoba — Thu, 08 Dec 2016 14:02:11 +0000

Xiaomi today released a teaser on Weibo that seems to tease the launch of an unknown, unnamed new product which is billed to go official on December 12, another popular sales day in China. We do not know exactly what the product is, but the teased poster contained what looks like a car’s tire tracks as well as other clues.

Xiaomi’s CEO Lei Jun had last year categorically stated that the company has no plans for an electric car in the next five years. In addition, the official Weibo post hinted that the product isn’t likely an electric car. But then, all the clues on the poster point to an electric car / bike. This isn’t the first time talks of a Mi electric car is coming out, Xiaomi had been rumored to be working on an electric car named Mistla since 2014.

The poster contained likely features of the electric car such as E-ABS (electronic anti-lock braking system), cruise control, perforated brake discs, integrated die-casting motor and so on. All these are features of a car, not necessarily an electric car, though. So, it’s likely an electric bike. However, we’ll wait to see what it turns out to be. December 12 is the launch date.

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Xiaomi has no plans for an electric vehicle in the next 5 years, says Lei Jun

Joel Joseph — Sun, 01 Mar 2015 12:18:14 +0000

Today, Lei Jun attended the fifteenth annual meeting of the China entrepreneurs Forum where he delivered a speech. In the speech, Lei Jun confirmed that Xiaomi has as of now no plans for the release of an electric vehicle. The company plans to focus on its existing products in the next three to five years.

The company has a number of products in the pipeline in different categories like smartphones, tablets, TV Boxes, Routers etc and many more smart home products. So, the company has kind of focused on the release of these existing products in the pipeline.

Xiaomi has managed to grow considerably in the past one year alone. IDC statistics show that this Chinese company managed to grow by over 186% year-on-year last year. So, Xiaomi’s market share in terms of shipments in China rose from a mere 5.3% to a massive 12.5% . This also makes Xiaomi the company with the largest number of shipments in 2015 in the domestic market.

The company has also expanded in the past one year to neighboring markets such as India and Malaysia. This has definitely helped it grow at a very fast rate. Now, in 2015, the company is planning to expand into other emerging markets such as Russia and Brazil. According to a report, it may even start manufacturing phones in India and Brazil.

So, at the moment, it looks like the company is busy with its existing products. But, we cannot entirely rule out a possibility of a Xiaomi Electric car after 3-5 years.

So what do you think? Should Xiaomi focus on its existing products right now or should it expand into newer areas like electric vehicles?

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Xiaomi’s New Action Exposes: Into Electric Cars Area?

Frank Tu — Tue, 15 Jul 2014 00:52:00 +0000

Last week, Lei Jun reiterated that Xiaomi didn’t consider new areas such as electric cars and real estate. Is it true?

There are exclusive broking the news that currently millet is developing electric vehicle systems with a well-known domestic automobile manufacturer, though he had repeated that Xiaomi wouldn’t involve electric cars. This means that millet has actually had a preliminary layout in the field of electric cars.

It is well-known that Lei Jun likes Tesla very much. There are exclusive given that currently Xiaomi is developing electric vehicle systems with a well-known domestic automobile manufacturer, which is said to BYD. Xiaomi ‘s electric cars strategy is likely to fully replicate the success path millet phone, just like the release of MIUI.

The news is not confirmed at present. If we think of Carplay of Apple and Android Auto of Google, it makes sense that Xiaomi secretly engaged in automotive systems.

PS：Sincerely hope that Xiaomi will engage into the automotive field to benefit more people.

Reasons why Xiaomi Will not release the “Mistla” supermini micar.

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