Xiaomi Will Start Mass-Producing Electric Vehicles from 2024, Confirms CEO
Oct. 20, 2021Although not much is known about what kind of electric cars the company will produce, Xiaomi will initially start working on an entry-level model, as per reports. It will start producing more luxurious and high-end EV models at a later stage.
The Chinese giant, which recentlystarted to transition as a global brand, currently competes with market leaders like Apple and Samsung in the smartphone segment. In fact, Xiaomi dethroned Samsung to become thelargest smartphone maker in the worldearlier this year.
However, with its EV manufacturing plans, Xiaomi will be competing against companies like Tesla,Kia,Porsche, andpotentially Apple. So, we can expect to hear more from the company about its electric vehicles venture in the coming months. Stay tuned for more developments in the story.
A geek at heart, you’ll find me fidgeting with an iOS device or sitting in front of the laptop, scouring the internet to find interesting technological innovations. In my free time, you’d find me playing Valorant or listening to Pink Floyd.
