[EV Vision Comprehensive Report] Recently, according to mobile phone China reports, Luo Baojun, general manager of Xiaomi's Beijing-Tianjin branch, said in response to domestic media that the engineering prototype of Xiaomi Automobile in the third quarter of this year will meet with everyone, and at the same time said that it will break through everyone's imagination.
As can be seen from Xiaomi's official announcement, Xiaomi intends to invest 10 billion yuan to establish a wholly-owned subsidiary to be responsible for the smart car business, and the rumors of Xiaomi joining hands with the Great Wall to build cars have not been self-defeating.
In the next 10 years, Xiaomi will also invest $10 billion in the smart electric vehicle business. At the same time, Mr. Lei Jun, CEO of Xiaomi Group, will also serve as the CEO of Xiaomi's smart electric vehicle business.
It is understood that Xiaomi Automobile will build a vehicle factory in two phases of the Beijing Economic and Technological Development Zone, with a cumulative annual output of 300,000 vehicles and a production capacity of 150,000 vehicles in the first and second phases. In 2024, Xiaomi's first car will roll off the production line and achieve mass production in the Beijing Economic and Technological Development Zone.
On November 27, 2021, beijing Yizhuang official WeChat public account news, beijing economic and technological development zone management committee and millet technology signing ceremony was held, with the signing of the "cooperation agreement" between the two sides, officially announced the millet car settled in Beijing economic development zone.
As the tide of new car-making forces tends to calm down and the new power brands continue to differentiate, traditional giants have opened a new round of car-making boom. Including the traditional car companies to create AITO, Lantu, Zhiji, Eian, etc., to Baidu, Foxconn and other cross-border into the automotive industry, and even the international emergence of Sony, Apple and other new car players. In such a context, Xiaomi's car has become a matter of course.
Lei Jun said before this that Xiaomi automobile is expected to be mass-produced in the first half of 2024, and the progress of Xiaomi car manufacturing and team work has far exceeded expectations. Lei Jun said at the investor conference site that now electric vehicles have shifted from the machinery industry to the information industry, peers are doing, Xiaomi will be eliminated if it does not do cars, Xiaomi currently has smart phones, smart homes, smart offices and other fully intelligent ecology, and the integration with cars will have a strong expansion.
Everyone is looking forward to the arrival of Xiaomi car, hoping that it can be like a mobile phone, full of cost performance, and also hope that Lei can bring us surprises every time, and more information EV Vision will continue to pay attention.