At the end of last year, the first rumors surfaced about whether Xiaomi is working on an electric car. The Chinese brand would thus join the race where companies like Apple already have to launch an electric vehicle.

Today we already know that these rumors were trueand in less than a month Xiaomi would be ready to show the world the first prototype, even though the Chinese government didn’t seem too happy about it…

Licensing issues

The electric car project meant something. Investment of around 10,000 million euros For Xiaomi and its co-founder Lei Jun, who have already said that this will be the last industry he will enter, he hopes to have a large community that will make Xiaomi one of the largest electric car manufacturers in the world.

But to get it you have to go through all the regulatory bodies and meet certain requirements and Xiaomi has a hard time convincing China and be productive.

As Bloomberg learned, they’ve been negotiating for months with China’s National Development and Reform Commission, which has the final say on who can do what, and So far these talks haven’t worked very well..

This is a serious problem for Xiaomi, with many brands (especially Chinese) jumping on the electric mobility caravan. they have big plans for their electric cars. The more time Xiaomi spends without acquiring this license, the more time other companies will have to improve their tools.

2024 in the spotlight

Xiaomi’s purpose show prototype this augustand run the relevant tests from there prepare the car for 2024however these issues may delay this release date and as with the latest financial results it is not a good time, Xiaomi sales fell for the first time in its history.

Only time will tell if they will eventually manage to resolve their differences with the Chinese government and become an official automaker. As soon as they get a constant flow of information About Xiaomi’s next electric car.

Source | Bloomberg