Tech giants are racing to secure their share of the growing electric vehicle market, and Xiaomi EV is shaping up to be one of the most anticipated newcomers. According to reports from local Chinese media, the tech powerhouse has taken a major step forward in its electric mobility ambitions.
Xiaomi EV Enters Trial Production
Xiaomi has begun trial production of its first electric vehicle, and it has reportedly been running for more than a month. The company is currently building around 50 cars per week, producing enough prototypes for comprehensive road testing while fine-tuning its manufacturing systems. This phase ensures that Xiaomi EV models are refined, reliable, and ready for mass production.
Regulatory Green Lights Bring Xiaomi EV Closer to Market
A recent approval from China’s National Development and Reform Commission (NDRC) marks a significant milestone, signaling that Xiaomi’s EVs are nearly ready for sale. The final regulatory step lies with the Ministry of Industry and Information Technology (MIIT), which must approve each model individually. Once this final hurdle is cleared, Xiaomi can scale up production and officially announce launch timelines.
Massive Investment to Power Xiaomi’s Automotive Future
Xiaomi has made a strong financial commitment to its EV venture, investing RMB 1.4 billion (~$191 million) in the second quarter alone. Over the next decade, the company plans to pour $10 billion into its new automotive arm, underscoring its long-term vision to compete with leading electric vehicle manufacturers.
Production Timeline and Testing Progress
The first Xiaomi EV model has reportedly completed both summer and winter testing, and early indications seem positive. Xiaomi President Lu Weibing reaffirmed the company’s goal to enter mass production by the first half of 2024, suggesting that the brand’s debut electric car is right on track.
With strong financial backing, successful prototype testing, and regulatory approvals progressing, Xiaomi’s entry into the electric vehicle space is rapidly becoming a reality—and excitement is building across the EV industry.
