More than six months after the announcement of the development of its own electric car, Xiaomi is ready to share more precise terms. It is reported that mass production will not begin as soon as we would like.
CEO Lei Jun not only confirmed the company's intentions, but also revealed the timing of the company's first electric vehicle. According to him, the first cars will appear in 2024. The information was announced as part of the event for investors and only after that it got into the local media. A little later, the director of the international marketing department Zang Ziyuan published the same news for journalists.
Since the registration of the electric vehicle division was completed only in August, it is not worth hoping that the company will decide to accelerate development. Xiaomi is committed to investing $ 10 billion in a new business line over the next 10 years. After that, DeepMotion, an autonomous control technology company, was acquired. There is also a massive recruitment of employees for the automotive division.
We will remind, recently received information about the upcoming purchase of China Evergrande Group , the cost of which is estimated at $ 12.5 billion. This is another Chinese electric car company. It is not yet clear whether Xiaomi plans to produce the cars in-house or whether it will prefer contract manufacturing.
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