Chinese consumer electronics company Xiaomi plans to begin production of its first electric car during the first half of 2024, according to its co-founder and CEO, Lei Jun.
Speaking at China’s annual parliamentary gathering in Beijing, Lei said: “Xiaomi’s car manufacturing has progressed beyond expectation and [prototypes] have recently successfully completed winter testing.”
Lei, who is a deputy of China’s National People’s Congress, also confirmed Xiaomi had invested more than 3 billion yuan (£360 million) in its electric car division, Xiaomi Automobile, in 2022. He added that staffing of its R&D department had risen to more than 2300 people.
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