Xiaomi Automobile Co., Ltd or Xiaomi Auto (Chinese: 小米汽车; pinyin: Xiǎomǐ qìchē) is a Chinese electric vehicle manufacturer headquartered in Beijing; it is a subsidiary of Chinese consumer electronics company Xiaomi.

Founded in 2021 by Lei Jun, the company mainly develops and manufactures electric vehicles.

History

On March 30, 2021, Lei Jun announced that Xiaomi Group would establish a wholly-owned subsidiary dedicated to the intelligent electric vehicle (EV) business. The initial investment for this venture was set at 10 billion Chinese Yuan, with an expected total investment of 10 billion US Dollars over the next 10 years. Lei Jun, the CEO of the group, would also serve as the CEO of the intelligent electric vehicle business.[1]

On September 1, 2021, Xiaomi Automobile Co., Ltd. was established.

On November 27, 2021, the Municipal Government of Beijing and Xiaomi officially signed a cooperation agreement, formally announcing Xiaomi Automobile's establishment in the Beijing Economic and Technological Development Zone. Xiaomi Automobile plans to build a two-phase vehicle factory with a cumulative annual production capacity of 300,000 vehicles. The production capacities for the first and second phases are 150,000 vehicles each. The first car is scheduled to roll off the production line in the Beijing Economic and Technological Development Zone in 2024, marking the commencement of mass production.[2]

In March 2022, Xiaomi Group released its annual performance report for 2021. The report revealed that Xiaomi's intelligent electric vehicle business had progressed beyond expectations since announcing the car manufacturing plan in March 2021. As of now, the research and development team for the automotive business has grown to exceed 1,000 people, and it is anticipated that formal mass production will commence in the first half of 2024.[3]

On 28 December 2023, Xiaomi has unveiled its first electric car, the SU7.[4] The SU7 was formally launched on 28 March 2024 in Beijing, with Xiaomi starting to take orders for the car on that day.[5]

Products

  • Xiaomi SU7
    Xiaomi SU7

References

  1. ^ "为小米汽车而战，雷军到底是All In豪赌还是资本新故事？". tech.ifeng.com (in Chinese). Retrieved 2023-12-29.
  2. ^ "Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles". Reuters.
  3. ^ "小米汽车研发团队规模已超千人，预计2024年上半年正式量产-汽车资讯-盖世汽车社区". i.gasgoo.com. Retrieved 2023-12-29.
  4. ^ Toh, Michelle (2023-12-28). "China's Xiaomi dreams of building a car 'as good as' Porsche and Tesla | CNN Business". CNN. Retrieved 2023-12-29.
  5. ^ "China's latest EV is a 'connected' car from smart phone and electronics maker Xiaomi". AP News. 2024-03-28. Retrieved 2024-03-28.