by Chinese smartphone and gadget manufacturer Xiaomi Corporation plans to start the production of electric cars in the first quarter of 2024. This was stated by the company’s CEO, Lei Jun, after a meeting with investors, according to Reuters agency.
At the presentation of Xiaomi’s automotive business strategy, some kind of prototype in a sedan or coupe body was demonstrated on a large screen under a cover, but Lei Jun did not provide any information about it. Although there is a render like this.
Immediately after this, Xiaomi’s shares rose on the Hong Kong Stock Exchange by more than 6%, marking the largest daily rise in the company’s stock in the past six months. The total investment in the project over the next 10 years is approximately $10 billion. Currently, more than 300 employees are already working at the new enterprise, and soon about 500 more engineers will join the team.
By the way, today also, the assembler of iPhones and other Apple products announced the release of electric cars
