Smartphone maker Xiaomi to unveil its first electric car in August

Many expect Xiaomi to make its first car feature-rich and value for money, a page taken from its smartphone business.

Highlights
  • Xiaomi’s auto division is set to unveil its first electric car prototype in August.
  • The vehicle is expected to go into production by 2024.
  • The vehicle will be produced at Xiaomi’s upcoming Yizhuang plant.

Chinese smartphone maker, Xiaomi, might soon be unveiling its first ever electric car and might move into production by 2024. In recent reports, Xiaomi’s intentions to unveil its first electric car prototype to the public have come up, and the company is then expected to start testing the vehicle soon. This falls in line with the Chinese smartphone giant’s electric ambitions, as was made clear last year with a commitment of $10 billion in investments. 

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Xiaomi electric car price

Xiaomi is currently working on the launch of the prototype for its first electric car in August 2022. Xiaomi’s founder and CEO, Lei Jun, is expected to present the car for the first time to the public. According to reports from Sina Tech, Jun is also spending much time at Xiaomi’s automotive headquarters ahead of the launch.

Xiaomi’s first car has not yet been leaked, and hence very little is known. However, given that Xiaomi’s auto division now employs former employees of HVST Automobile Design, the Xiaomi electric car could be something to look out for. The vehicle is expected to be showcased as a prototype in August, followed by a testing phase soon after. The vehicle, however, is expected to make it to production only by 2024.

Xiaomi’s vehicle range is expected to be around Rs 17.7 lakh and will go up to Rs 35.4 lakh.

Xiaomi’s auto division will also get an R&D facility and a production unit based in Yizhuang, and the factory is expected to have a production capacity of 3,00,000 units a year when operating at full capacity. 

Xiaomi intends to build about 1,50,000 units in its first year of production, that is, 2024. It has also been reported that Xiaomi is considering launching four models scattered across more than one passenger car segment. The vehicles are also expected to support level 2 autonomous driving, possible in the form of a comprehensive ADAS.