Xiaomi
In recent years there has been a lot of talk about big tech companies interested in entering the world of electric mobility, and several times we have anticipated the intentions of Xiaomi, a Chinese giant capable of growing exponentially in recent years: according to the latest rumors circulated online, Xiaomi will unveil its first prototype of electric car running during the month of August, anticipating the competition from Apple.Lei Jun, founder of Xiaomi, is particularly involved in the electric car project and it is precisely for this is why the company has already been able to have a running prototype: the latter will play an important role in the winter tests, which are essential to conclude the development of a car. The release on the market is scheduled for 2024, but it would not be too surprising if the company were able to further anticipate the times, bringing the first units to the market as early as 2023.
More than 1000 employees have been dedicated to research and development at the Yizhuang site, which once completed will be able to produce 300,000 cars every year; it will take at least 2 years to get to full speed, but once this stage is reached Xiaomi will be in a position to compete on equal terms with different realities of mobility.
There is still a lot of technical information on the cars that Xiaomi will decide to produce : for now we only know that the cars will all be 100% electric and that they will be equipped with level 3 autonomous driving systems - we will see if the company will be able to fulfill this promise as well, for the moment we just have to wait for the presentation of the prototype expected in August.
Xiaomi to unveil EV prototype in August, production slated for 2024
Xiaomi introduced its electric car business back in March 2021.
By : HT Auto Desk| Updated on: 19 Jul 2022, 19:45 PM
Xiaomi is set to launch its EV in 2024. (REUTERS)Chinese technology giant Xiaomi is all set to unveil its first-ever electric vehicle prototype next month. Also, the EV is slated to enter production in 2024, claims a report by Sina Tech. Several technology giants like Google, Apple, and Sony have ambitions for electric and autonomous vehicles. Xiaomi is the latest in the block and close to reality as it appears.
(Also Read: Hyundai confirms affordable entry-level EV for Europe, targets $20k price slab)
Xiaomi introduced its electric car business back in March 2021, announcing that it would initially invest $1.5 billion in the project and eventually invest $10 billion over the next 10 years. The Xiaomi electric cars will launch through the newly-formed Xiaomi Auto Co Ltd. Company.
In November last year, Xiaomi agreed to a contract with the Beijing Economic and Technological Development Area Management Committee to build the headquarters of its auto business. This manufacturing facility will have an annual production capacity of 300,000 units, claimed the tech giant turning automaker.
The report claims that the design of Xiaomi’s first EV was led by Shanghai HVST Automobile Design, the same company behind the WM Motor Maven Concept. After the debut, Xiaomi’s engineering prototype is slated to undergo a host of tests, including cold winter tests.
It is not clear what body style will be adopted by Xiaomi’s first electric car, but the company is thought to be working on at least four different models. Also, it is not sure if the production model of the EV will carry over the design of the concept model.
First Published Date: 19 Jul 2022, 19:45 PM IST