Before this, several reports were published that showed that Xiaomi is looking to develop its business towards the production of self-driving electric cars. Even this Chinese company exhibited its pilot technology for self-driving cars about 2 months ago. Lee Joon; The CEO of Xiaomi believes that the Chinese technology giant has entered the field of competition for the production of electric cars at exactly the right time; Even if Tesla company has dominated this market for about 10 years.
The statements of the CEO of Xiaomi seem quite ambitious. He even declares in one of his books that the electric car market is the only choice and path for the company. Xiaomi’s quarterly financial report shows that the company’s research and development team now includes more than 1,000 employees. In addition, the company’s efforts in the field of electric cars have cost Xiaomi about 88.3 million dollars.
According to forecasts, mass production of the first Xiaomi electric car will begin in the first 6 months of 2024. Also, this product is probably produced in factories owned by Xiaomi. In fact, some reports claim that Xiaomi has finished working on the engineering prototype and has entered the software integration phase.
Some people in the know believe that Xiaomi’s first production car will be a LiDAR-equipped sedan priced at around 300,000 yuan ($43,000). On the other hand, some insiders claim that this car will be launched in several different models with a price range of 200,000 to 300,000 yuan (29,000 to 43,000 dollars).