Xiaomi’s electric car project is on track with a team of 500 R&D members

Main Image
  • Like
  • Comment
  • Share

Xiaomi is gradually increasing the size of its team working on the electric mobility project. The company has released its financial report stating the details of the 13,919 crew working in the R&D department. Out of the lot, the Chinese manufacturer has dedicated 500 members for the development of its first electric car.

Xiaomi Electric Car

Xiaomi‘s electric automobile is slated to enter the EV space by the first half of 2024. However, the company has not revealed the kind of vehicle it is planning to launch in the first move. Meanwhile, the released financial papers surely tell us that the company is slowly taking steps towards its EV goals.

ALSO READ: Five Affordable Electric Cars in India

In August 2021, Xiaomi acquired the Beijing-based autonomous driving startup DeepMotion to strengthen its electric project. The timeline suggests that the mass production of Xiaomi electric vehicles will start in the early months of 2023 and the company could announce the official arrival later in 2024. The smartphone brand has already registered its EV business in its native country undersigned by Lei Jun, founder, Xiaomi.

ALSO READ: Xiaomi 12 and Xiaomi 12X expected launch date revealed

For investment, the company has already allocated 10 billion yuan to its EV subsidiary which should be spent in the 10 following years. Also, Xiaomi will invite outsider investors in the next three years to raise a fund of up to 100 billion yuan. 

The things at Xiaomi seem to be definitely moving and going forward, we can expect more information through leaks, rumors, and official revelations. Incidentally, its competitor Oppo is also reportedly working on an e-scooter and a Nano-esque electric car. 

Sachin Deo VermaSachin Deo Verma

Sachin covers technology news at Smartprix and he also has a keen interest in automobile and electric vehicles. He keenly gains knowledge from various sources to be updated with the latest tech trends. He is also a passionate Potterhead who dabbles in literature, and poetry, and loves to travel.

Related Articles

ImageSamsung Republic Day 2023: Best deals on Galaxy Z Flip 4, S22 Ultra, and more

Samsung India has announced the “Grand Republic Sale,” which offers huge discounts and cashback on various Samsung products, including Galaxy smartphones, laptops, tablets, wearables, TVs, and electronic appliances. Until January 21st, the sale will be accessible on Samsung.com, Samsung Exclusive Stores, and the Samsung Shop App. The Galaxy Z Fold4 (review), Galaxy S21 FE (review), …

ImageXiaomi registers its electric vehicle business in China

Xiaomi has finally registered its electric vehicle company as Xiaomi EV, Inc. in China. With this, the company is officially entering the automotive industry. However, no announcement has been yet made regarding when its first electric vehicle will hit the road. Xiaomi EV and Investments Xiaomi has announced that its EV business is in the …

ImageXiaomi Mi Portable Electric Air Compressor to launch in India on July 14

Xiaomi is sharply expanding its smart home product eco-system in India. In a recent development, the company announced the launch of Mi Portable Electric Air Compressor in India on July 14. The smart device was earlier launched in the UK. ALSO READ: Redmi Note 9 launch India launch Imminent The Chinese giant has a wide …

ImageSony’s day out at CES 2023: Project Leonardo, E-Car Afeela, PS VR2 headset & more go official

Sony had its day in the ongoing CES 2023 on Thursday where the brand debuted not only a prototype for an electric car ‘Afeela’ but also announced the PS VR2 headset, Project Leonardo for people with disabilities, Gran Turismo Movie, and more. The brand also talked about how there will be no shortage of PS5 …

ImageBYD 2023 Dolphin electric car launched in China; check pricing and details

BYD has recently launched a new electric hatchback known as the 2023 Dolphin with the brand’s Marine Aesthetics design language. The 2023 Dolphin electric car is based on BYD’s e-platform 3.0 and works on the LFP Blade batteries. As per the claims by the company, the new BYD 2023 Dolphin provides acceleration from 0 to …

Discuss

Be the first to leave a comment.