Today, October 19, Lei Jun, the CEO of Xiaomi, officially announced that the company plans to start mass production of its own electric cars in the first half of 2024. It is worth noting that this is quite fast – only in March of this year, the manufacturer announced significant investments in the development of the automotive direction, and in September the corresponding division of Xiaomi EV was formed, which will be engaged in the production of vehicles. And now, in October, the head of the company is already calling the approximate release dates for electric cars – usually it takes much more time, especially considering that Xiaomi has just entered a new market for itself.
Xiaomi EV is ahead of schedule. Aiming for mass production in 2024 H1. pic.twitter.com/DKXHdXty2Y
— Leijun (@leijun) October 19, 2021
In order to meet the needs of potential buyers, and there will probably be plenty of them, the manufacturer will build an entire factory in the city of Yizhuang, just east of Beijing. Moreover, Xiaomi decided to gather the best minds in order to produce sufficiently high-quality cars, and in the process of searching for developers, it received more than 20 thousand applications from all over the world, but so far only 450 employees have been hired. Unfortunately, this is where the news about the new electric car ends – the manufacturer no longer provided any information about the car, but even the approximate release date was enough for the company’s share price to skyrocket by 5.4%.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
