Xiaomi has indicated that they will be unveiling a prototype of their first car in the next month (August). However, mass production is expected to start in H1 2024.
After its launch in August, the company will conduct a series of tests, including its first winter test. Xiaomi’s first electric car prototype will be designed by HVST Automobile Design.
In March 2021, the company officially confirmed that it would enter the electric vehicle business. It said it would initially invest $1.5 billion and then invest $10 billion over the next 10 years in its car business. In September 2021, it registered Xiaomi Auto Co., Ltd.
In November 2021, it signed an agreement, to build Xiaomi Auto headquarters and its R&D division in Yizhuang, with the Beijing Economic and Technological Development Area Management Committee. The facility, which employs more than 1,000 employees, is reportedly capable of producing 300,00 cars per year.
Xiaomi reportedly aims to launch A+ and B segment cars. The former will come with L2 autonomous driving support and will likely be priced between $22,230 and ~$29,640). On the other hand, the latter will support L3 autonomous driving and could be priced between ~$29,640 and 44,460.