Since its announcement a few years ago, industry analysts and customers have been anticipating Xiaomi’s automotive entry.
Xiaomi in Automotors Sector
According to recent reports, Xiaomi’s efforts to develop the first automobile model have made significant progress. The price of Mi’s first car has been set, according to CNMO.
According to Changchun-based FAW Fuwei Automotive Parts Co., Ltd., numerous subsidiaries have joined Mi’s car purchasing team. Mi’s supplier network is also expanding, according to the company.
According to social media reports, Mi’s car will start at around Rs. 5.7 million. However, Mi’s public relations chief, Wang Hua, has denied these reports.
The company’s president, Lu Weibing, announced in May that the car project was progressing well and had been accelerated. In January, founder Lei Jun tested the vehicle in the snow. Summer and winter tests are also planned for this year.
Mi intends to launch its car in H1 2024. The company’s first-quarter 2023 financial report highlighted smart electric vehicle (EV) advancements, implying its impending arrival.
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