Xiaomi Auto Reaffirms Mass Production Target For H1 2024

November 21, 2023

During the Xiaomi Group’s third-quarter 2023 results conference, Lu Weibing, partner, and president of Xiaomi Group, provided an update on Xiaomi Auto’s progress. He affirmed that the mass production target for the first half of next year remains unchanged, and a second winter test is in the planning stages. Moreover, he disclosed that Xiaomi Motors currently employs around 3,000 R&D personnel, underscoring Xiaomi Group’s commitment and investment in the smart electric vehicle business. As research and development deepen, Xiaomi Auto is expected to demonstrate formidable strength in future market competitions.

Xiaomi Auto

Contrary to previous media reports suggesting that “Lei Jun expected Xiaomi car sales to be 100,000 units,” Lu Weibing refuted this claim, asserting that Lei Jun had not made a similar comparison.

Lei Jun represents Xiaomi Auto Co., Ltd., which established itself on September 1, 2021, and operates from Room 816, Floor 8, Building 5, No. 15 Kechuang 10th Street, Beijing Economic and Technological Development Zone, Beijing. The company has a registered capital of 10 billion.

On March 30, 2021, Lei Jun announced Xiaomi Group’s intention to establish a wholly-owned subsidiary for the smart electric vehicle business. On September 1 of the same year, Xiaomi Automobile Co., Ltd. officially registered and established itself. The Beijing Economic and Technological Development Zone Management Committee formalized the collaboration with Xiaomi on November 27, 2021, signifying the settlement of Xiaomi Motors in the Beijing Economic and Technological Development Zone.

Read Also: Xiaomi Car to Enter Luxury Market, Priced at Over 300,000 Yuan

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