Categories: News

Xiaomi Plans To Begin Mass Production Of Electric Vehicles

According to the latest reports, Xiaomi is experiencing trouble getting a manufacturing license for its electric vehicle project. As many companies could not compete in producing electric vehicles, the Chinese government tightened license requirements.

China is the pioneer in making electric vehicles, and up till now, it has produced many electric vehicles including electric bicycles.

EVs have made it easier for Chinese companies to get a special license to make cars. Multiple Chinese companies and new businesses received government funding before failing and disappearing.

On the other hand, at the end of March 2021, after a massive deliberation, Xiaomi decided to launch a subsidiary to operate the group’s future “smart electric vehicle business.”

Moreover, at that time, Xiaomi Planned to invest 10 billion US dollars in the electric car venture in the coming ten years.

In Jan 2023, a Chinese tech giant was spotted testing its upcoming electric vehicles in snowy weather in China. The new EV was in the testing phase under different weather.

In other words, the company was testing yeh Xiaomi’s car under extreme weather conditions of cold and likely making.

As we know, tech giants have increasingly made headway in the EV sector. Some big names are still working to produce EVs, including Apple, Oppo, Sony, and more. Though, Apple is expected to launch its EV nearly in 2025.
Sony has already established its mobility brand and showcased two EV concepts under the new brand.

According to reports, Xiaomi applied for its manufacturing license later than required by the previous rules. Therefore, the new rules have become a challenge to the company.

Xiaomi took over Borgward, a bankrupt German company, to speed up the procedure. The purchase of Borgward should enable Xiaomi to start producing cars soon.

However, the company has invested $1.5 billion in EV Development and established a factory in Beijing. The factory is capable of producing 300,000 units annually.

In addition, the report also states that with the available resources, Xiaomi should quickly obtain the permit and will start manufacturing EVs soon.

However, the R&D team behind Xiaomi cars has increased to over 2,300 members, and its constantly working tirelessly to make its official mass production debut in Q1 2024.
With the soft-film car rolling off the assembly line in September 2022. Whereas the winter testing began at the end of December, their progress has surpassed expectations.

Lei Jun emphasized that autonomous driving is a crucial aspect of Xiaomi’s foray into the automotive industry. Almost more than 140 vehicles are ready to undergo testing across the region in the first phase of their autonomous driving initiative.

The aim behind it is to establish itself as a leader in the industry by 2024. If we talk about profitability, Lei Jun said that “Xiaomi prioritizes software profits, similar to their approach with their mobile phones. The future of cars presents exciting opportunities for integrating various services beyond sales and after-sales services.

Read more:

Xiaomi 13 Stays 8.2° Cooler Than iPhone 14 While Gaming

Flagship Mobiles, Xiaomi 13 And 13 Pro Will be Launched In Pakistan For ~183K and ~214K

 

Sponsored
Senoria Khursheed

Share
Published by
Senoria Khursheed

Recent Posts

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

9 hours ago

WhatsApp Trials Group Chat Mentions in the Latest Status Update Feature

WhatsApp is rolling out a new feature in its latest Android beta version, allowing users…

9 hours ago

PTA Chairman Confirms No Orders for Mobile Service Shutdown

ISLAMABAD: Chairman of the Pakistan Telecommunication Authority (PTA), Major General (retd) Hafeez-ur-Rehman, confirmed that no…

10 hours ago

35,000 Students to Receive Free Laptops Under Punjab Government Scheme

Punjab Chief Minister Maryam Nawaz Sharif has announced the launch of a new initiative aimed…

11 hours ago

Meta Introduces New Features to Messenger: AI Backgrounds, HD Video Calls, and More

Meta has unveiled a set of new features for Facebook Messenger, designed to improve call…

12 hours ago

PTA Seeks Stakeholder Input on VPN Registration

Islamabad (21st November 2024): PTA hosted a stakeholder consultation on VPN registration, with key participants…

13 hours ago