SHANGHAI: Xiaomi Corp Chief Govt Lei Jun stated the Chinese language smartphone maker will mass produce its personal vehicles within the first half of 2024, an organization spokesperson stated on Tuesday.
The feedback, which had been made at a investor occasion, had been first reported by native media and later confirmed by the corporate.
Zang Ziyuan, a director in Xiaomi‘s worldwide advertising division, additionally posted the information on his verified Weibo account.
The date marks the subsequent main goal for the corporate’s fledgling electrical automobile (EV) division, which Xiaomi formally introduced earlier this 12 months.
Xiaomi shares jumped 5.4% to HK$22.50, the most important every day proportion rise since Might 12, extending good points for the third straight session.
In March, Xiaomi stated it will decide to investing $10 billion in a brand new electrical automotive division over the subsequent ten years. The corporate accomplished the enterprise registration of its EV unit in late August.
The corporate has ramped up hiring for the unit, although it has but to disclose if it would produce the automotive independently or through partnership with an present carmaker.
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