Xiaomi’s founder and CEO Lei Jun recently announced that the company’s progress with its first electric vehicle has exceeded expectations and that the mass production phase is not far off.
The senior manager of the Chinese technology company stated that the winter tests were also completely successful and he expects the car to be on the market next year. Moreover, that mass production of the car could be carried out in the first half of next year. He also declared that he believed.
Lei Jun added that he spends half of his time working on the brand’s automobile project. As of 2022, Xiaomi for automobile research and development With a team of more than 2,300 people, over Yuan 3 billion (approximately US$ 433 million) has already been invested in the Automobile unit made.
The company set up its own automobile base, which also includes a sales center and research and development center for automobile production, in Yizhuang, Beijing. The company also announced approximately two phases for upcoming EVs. A complete vehicle factory capable of producing 300,000 vehicles plans to establish. The first car model is expected to roll off the assembly line and go into mass production by 2024.
Based on all previous leaks, the Xiaomi Modena EV is expected to be a mid-size sedan with a sporty design. Although details about the new car are not yet clear, reports indicate that the vehicle will be affordable.