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Xiaomi could reveal its first electric car in August

Highlights

  • This new EV will reportedly go into production by 2024
  • Xiaomi could produce up to 3,00,000 units of the EV in the first year
  • This EV is likely to include Level 2 autonomous driving

Xiaomi is a renowned name in the smartphone industry, known for both low-cost and high-end devices. The manufacturer also has intentions to enter the automotive sector, particularly with electric vehicles (EVs). A new rumour claims that the company could unveil a new EV prototype as early as next month, although it won’t arrive until 2024.

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There’s practically nothing we know about this mystery EV by Xiaomi, though we expect future leaks to give us a decent idea of what to expect. Chinese publication Sina Tech reports that Xiaomi could unveil its electric car at its automotive headquarters in Beijing, China. Company CEO and founder, Lei Jun, is likely to be in attendance for the unveiling next month.

The report goes on to add that the new EV will only go into production by 2024, though testing is likely to commence shortly after next month’s unveiling. While there’s no confirmation of this launch event yet, it aligns with Xiaomi’s goal to spend $10 billion over a period of ten years to kickstart its EV portfolio.

It’s also worth pointing out that the manufacturer’s automotive branch has hired former HVST Automobile Design employees, which is another indicator of the company’s EV plans. Xiaomi could produce up to 1,50,000 units of this new EV in the first year of production.

Rumoured Price Of the Xiaomi Electric Car

91Mobiles reports that this Xiaomi EV could start from Rs 17.7 lakh, while the max variant could cost upwards of Rs 30 lakhs. But with that being said, it’s still too early to tell if the EV will make it to the Indian market. When launched, we expect it to be available exclusively in China. The manufacturer will reportedly include features such as Level 2 autonomous driving, in a bid to catch up with Tesla’s Autopilot, which has progressed much further in its Full Self-Driving (FSD) goals.

Source: Sina Finance

Via: 91Mobiles

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