According to the latest reports, a number of people familiar with the matter who came into contact with a certain parts giant revealed that Xiaomi plans to launch cars in the first half of 2024. One of the sources stated that Xiaomi plans to launch a new car every year for the next three years after the car is launched in 2024, and the total sales of these three years will reach 900,000. In this regard, the Xiaomi Group stated that it would not purchase.
The report pointed out that the Xiaomi car team structure has taken shape. The previous Xiaomi car preparation group has been renamed the car department, with more than ten products, smart cockpit department, autonomous driving department, vehicle hardware department, power system department, and intelligent manufacturing department. First-level departments.
Xiaomi announced on September 1 that Xiaomi Motors officially completed the industrial and commercial registration. The company is called Xiaomi Motors Co., Ltd. with a registered capital of 10 billion yuan. The founder, chairman and CEO of Xiaomi Group Lei Jun personally serves as the legal representative.
On March 30 this year, Xiaomi Group announced that it will establish a wholly-owned subsidiary and be responsible for the high-quality smart electric vehicle business. The first phase investment of Xiaomi car is 10 billion yuan, and the investment is expected to be 10 billion U.S. dollars in the next 10 years. In addition, Xiaomi CEO Lei Jun will concurrently serve as the CEO of the smart electric vehicle business.
At the Xiaomi spring new product launch conference, Lei Jun once stated that Xiaomi will use its existing cash reserves of 108 billion yuan, an R&D team of more than 10,000 people, the world’s top three mobile phone businesses, and the world’s best smart ecosystem to build Xiaomi cars.
