It seems that the company is preparing several models at once. Recently, a Xiaomi self-driving car prototype was seen on the road, still built on the basis of another brand with the addition of its own systems. Therefore, if the information about the upcoming announcement is correct, the electric car offered as a part of it is a different car that will not have an autonomous driving system.

what insiders say

Of course, if the event takes place in August, The company will present the design of the electric car and possibly reveal its main features.. Xiaomi will then move on to a marketing campaign with the intention of starting mass production by 2024, as promised earlier. If the program can be continued, Xiaomi electric cars will appear on the roads before Apple’s first cars.

Insiders say CEO Lei Jun marked the project as a major challenge for him. He spends two-thirds of his time in the automotive office and manages this most important product for the company, and if successful, it will generate significant revenue diversification.

• Experts from Shanghai Hvst Automobile Design, who previously created the WM Motor Maven concept and many other futuristic electric cars, are involved in the development.
• The company plans to assemble its cars at a factory in Yizhuang with an estimated capacity. 300 thousand units per year.
• At the initial stage, only half of this volume will be produced – 150,000 cars per year.
• In general, the development of the automotive division will be allocated approximately. 10 billion dollars for the next ten years.

It is worth noting that Sony and Foxconn, which also announced their work on electric cars, will compete with Xiaomi.