The Chinese smartphone manufacturer Xiaomi is working on its first car, a 100% electric sedan that will be equipped with a LiDAR and whose price will be below the threshold of 45,000 euros for the most luxurious version.
Chinese tech giant Xiaomi’s 100% electric car has been talked about for a while. Although, at the moment, the amount of information revealed by the brand can be counted on the fingers of one hand, Lei Jun, the founder, president and CEO of Xiaomi, sometimes gives some subtle hints about the future Chinese electric car.
At the moment we know that Xiaomi’s electric car will be a sedan equipped with a LiDAR and whose price will be quite accessible taking into account the segment and the technologies that must be embarked. The Chinese manufacturer should build its own factory in the coming months, according to the latest rumors.
Indeed, according to the LatePost medium, the price of the car should be around $43,500 in its highest-end versionor approximately the same amount in euros given the current exchange rate.
A new complex market to manage for Xiaomi
Last April, Lei Jun launched a survey in which almost 70% of the participants wanted Xiaomi’s first car to cost no more than 150,000 RMB (about 22,000 euros). At the same time, 10% wanted it to cost more than 300,000 RMB (about 44,000 euros).
Even if we don’t yet know the features of the car, or even the different versions that will be offered, we can imagine an entry-level model that comes close to the price desired by most survey participants.
Increasingly fierce competition
The Chinese electric car market is accelerating and Xiaomi, that will not launch its first model before 2024, it will have to offer a product with sufficient arguments to face very tough competition, especially in China. MG, XPeng, BYD…
All these Chinese manufacturers are already well established and now offer products that sometimes have nothing to envy to certain European models. Proof of this is that these manufacturers are already settling down even in the Old Continent.
A LiDAR for the Xiaomi car
Xiaomi’s strong point will also undoubtedly be on-board technologies and the LiDAR system that will equip your car. Hesai Technology will be the supplier and will develop a multitude of radars and sensors for the Chinese manufacturer’s future electric car. Specifically, there will be a LiDAR assisted by several backup radars.
The LiDAR AT128, as it is called, has already been in service since Hesai supplied it to the Chinese manufacturer Li Auto. The Li L9 SUV is already equipped with it and its deliveries started a few days ago. LiDAR is the complete opposite of the path taken by Tesla, which wants to rely only on cameras and not even radar as we have seen recently. But XPeng also plans to rely on LiDAR for autonomous driving, like some European manufacturers.
Xiaomi bets on autonomous driving
For his part, Lei Jun is convinced that the future of the automobile is at the level of autonomous driving. Xiaomi’s autonomous driving technologies are currently in the testing phase, and the Chinese manufacturer hopes to be a part of it. benchmarks in this sector within the automotive industry. But for that we will have to wait a little longer, since some rumors announced a formalization in August 2022 when others have 2024… Let us remember that the Xiaomi electric car project is quite recent, since the Chinese brand formalized this news recently. . March 30th.
Xiaomi will invest around 480 million euros in research and development for the first phase of the autonomous driving project. The development team now has around 500 people dedicated exclusively to the development of these technologies. Xiaomi is expected to put around 140 test vehicles into operation in China within a few months to continue development and research in this area.
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