Xiaomi will release a new electric car every year

Chinese source 36 krypton, citing knowledgeable informants, has released information that in recent months Xiaomi has been negotiating cooperation with a company that makes parts for cars. A rough plan for Xiaomi has also been posted.


The source claims that Xiaomi has big ambitions: the company plans to release a new electric car model every year. Within the first three years after the launch of the first electric vehicle, the company plans to sell 900,000 vehicles.


According to 36 krypton, the company's founder and longtime CEO Lei Jun once stated that Xiaomi Auto plans to produce 100,000 cars a year for the first three years. On March 30 this year, Xiaomi Group announced that the smart electric vehicle business has been approved by the board of directors. Xiaomi is investing billions of dollars in this direction.


To accelerate the development of car production, Xiaomi Auto also buys other companies. Xiaomi has spent nearly $ 80 million to acquire Deepmotion, an autonomous driving technology team. Since then, the autonomous driving research and development team has grown to 150 people.


Xiaomi is also investing in AVIC Lithium battery company, parking technology company ZongMu Technology, Hesai Technology, and others.


In response to the information published by 36 krypton, Xiaomi Group said that it was not going to comment on this.

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