Xiaomi CEO says it is going to mass produce its EV by 2024

In March, Xiaomi introduced that it could make investments $10 billion within the new electrical automobile division over the following 10 years.

Sahil Gupta
| Updated: 20-Oct-21 06:37 pm IS

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Xiaomi CEO Lei Jun has revealed that the world’s third largest smartphone maker is untimely to make its debut within the automotive sector and can begin mass manufacturing of its EVs within the first half of 2024. These feedback have been made at an investor occasion. But then the Chinese billionaire tweeted his ideas as properly. “Xiaomi EV is ahead of schedule. Target of mass production in H1 2024,” he mentioned on the social media platform. His officers additionally took to Chinese social media platforms to substantiate the information. Zhang Zhiyuan, who’s the director of promoting at Xiaomi, additionally posted the information on his verified Weibo account.

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In March, Xiaomi introduced that it could make investments $10 billion within the new electrical automobile division over the following 10 years. The firm accomplished registration of its electrical automobile enterprise in August and has already elevated hiring for the unit – though it has not disclosed whether or not it is going to be constructing the automobile or partnering with anybody.

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Its shut companion for manufacturing of smartphones, Foxconn, has already introduced its electrical automobile enterprise, and contemplating the manufacturing shouldn’t be a function of Xiaomi, it is going to be a partnership that’s prone to occur.

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