Chinese smartphone company Xiaomi is planning to introduce its first electric car in 2024. Now company’s founder Lei Jun will unveil the prototype of its first electric car in the next month (August 2022).
After prototype launch in August, the company will conduct a series of tests, including its first winter test. The company reportedly plans to mass produce the first Xiaomi car in 2024.
Xiaomi’s first electric car prototype will be designed by HVST Automobile Design. To those who are unaware, it is the same company that designed WM Motor’s Maven concept car. The report also states that the company is planning to hire a PR director, which indicates that it may launch a promotional campaign soon in the coming months.
Xiaomi EV now has 300 employees, the company said in September. Lei leads the group.
China’s electric vehicle market is getting more and more crowded, with the entry of new players. Chinese search giant Baidu launched a standalone electric car company in January and in February hired a CEO for that business.
Market research firm Canalys forecasts 1.9 million electric vehicles will be sold in China in 2021, growing 51% year-on-year.
