Xiaomi Will Launch Its First Car in 2024 : Reports

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Today, we have another piece of information connected to a different smartphone company that is seeking to enter this new domain of the car business as well. Xiaomi, a Chinese smartphone manufacturer, is that brand. Xiaomi is currently the world’s second-largest manufacturer of consumer electronics, software, home appliances, and household goods, behind Samsung, a South Korean multinational conglomerate.

Xiaomi had previously stated that they would debut their own all-electric vehicle in 2026, but Xiaomi’s founder and CEO, Lei Jun, has now confirmed that the company will unveil its first EV vehicle in the first quarter of 2024. According to Gizmochina, a major Chinese tech news blog, Xiaomi’s founder and CEO, Lei Jun, broke the news via Weibo, a popular Chinese social media platform. The Xiamoi Chief disclosed during a Q&A session that their initial intention to introduce their electric automobile in 2026 has been pushed back to 2024.

Furthermore, Xiaomi has established a new company to handle all aspects of electric vehicle design, development, and manufacture, as well as other connected enterprises. Xiaomi’s CEO and founder, Lei Jun, will be in charge of this new business. While there have been rumours that Lei Jun may leave Xiaomi’s smartphone division to focus on the smart car division, this has not been confirmed. These rumours have been debunked by a Xiaomi executive. Earlier this year, the Chinese brand announced plans to invest 10 billion yuan (about $1.5 billion) over a ten-year period.

Apple, on the other hand, has been working on its self-driving electric car for several years on the opposite side of the globe. The year 2025 has been suggested as a possible launch date for Apple’s electric vehicle. According to recent reports, Apple Watch software executive Kevin Lynch has been tasked with overseeing the entire project. Furthermore, there have been some studies that show a little acceleration in the EV development process. With Xiaomi’s recent declaration, the Chinese smartphone manufacturer is on track to introduce their electric automobile a year ahead of its main competitor.

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Xiaomi has not published any precise specifics regarding its electric automobile, but it is said to have finalised its EV unit’s business registration in August of this year. Furthermore, it is unknown whether the smartphone company will produce the car on its own or will partner with an existing carmaker for the ultimate production of its vehicle. While we now know that Apple and Xiaomi are developing electric vehicles, another tech behemoth is rumoured to be hiding in the same industry. Oppo, Xiaomi’s sibling company, has also been said to be working on an electric vehicle, although information on the project is scant.

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