š¢Xiaomi introduced its first car last month and is preparing to start officially mass production in its Beijing factory. The company has been producing test products for a while.
šElectric sedan Xiaomi SU7 draws attention with its 800 km range with a 101 kWh battery, 676 HP, 800V electrical architecture that provides a 510 km range with 15 mins of charging, and a drag coefficient of 0.195 Cd.
š Xiaomi will start production in February 2024. Even though it uses Beijing Auto’s production license, it will carry out production in its factory. Monthly production is expected to exceed 2,000 in March and reach 10,000 in July 2024.
š°There has been no clear statement about the price yet. However, it is estimated that the starting price may reach $30,000. It is said that the company plans to keep the profit margin low on the hardware side and make profits from software features, just like in the first period of smartphones.
šConstruction will begin for the second phase of the factory in Beijing before the end of 2024. It currently has an annual production capacity of 200,000 vehicles. Xiaomi’s goal is to become one of the five largest electric vehicle manufacturers in the world and reach a sales volume of 10 million per year.
