Thu. Oct 6th, 2022
Xiaomi's automotive project is ambitious, but extremely risky

Contrary to rumours, Xiaomi will ultimately not partner with another manufacturer, but will eventually have its own factory to produce its future electric cars.

WM Motor’s Maven concept car, designed by HVST Automobile Design studio

As the sounds of the corridors evoked the signing of a partnership between Xiaomi and the manufacturer BAIC for the assembly of its first electric car, the Chinese firm seems to have changed plans. This is in fact what the Chinese site thinks it knows. chinese technology citing anonymous sources.

10 billion dollars on the table

We have been hearing about Xiaomi’s plan to build its own electric car since 2021., while its co-founder, Lei Jun, wants to diversify the brand’s activities, specializing in technology and in particular smartphones. In fact, you have recorded your first drop in sales in the first quarter, and therefore you no longer want to put all your eggs in one basket.

It is in this context that this 10 billion dollar project was born. And if the Chinese firm still has to face some administrative difficulties, while the government is slow to give the green light, it does not lack ambition. The design would be supported by HVST Automobile Design in accordance with the rumors.

300,000 electric cars per year

In fact, we learn that the manufacturer would plan to build its own factory, in order to assemble its first electric car, which should see the light of day in 2024. This is how this production center in Beijing should be built, while Xiaomi expects an annual production of 300,000 cars. A figure to compare with the more than 500,000 Teslas sold in the first half of 2022, just ahead of the Chinese giant BYD.

However, this objective will not be achieved from the start, since the construction of the plant will be carried out in two stages, the first being limited to 150,000 vehicles per year. But that’s not all, because the brand has also signed a contract with the Beijing Economic and Technological Development Zone Management Committee. for the construction of a head office and a research and development center in Yizhuang.

Towards a range of 1,000 km

For now, we still know very little about Xiaomi’s first car, which should see the light of day in two years. According to the Chinese site 36kr broadcast by CnEVpost, it would be equipped with batteries supplied by CATL and BYD and would be available in two versions. The top of the range would carry the CATL Qilin battery, equipped with NMC technology and distinguished by its cells integrated directly into the chassis.

Zeek 001
Zeek 001

It would then allow vehicles equipped with it to travel up to 1,000 kilometers. on a single charge according to the Chinese CLTC cycle, more optimistic than our European WLTP. Like the recently introduced Zeekr 001. It would only take 10 minutes to go from 10 to 80%, while the maximum charging power is not known. However, this technology allows you to go from 10 to 80% in just 10 minutes.

four electric cars

A little later, three other models will arrive, to constitute a range made up of two mid-range cars, with prices ranging between approximately 21,400 and 28,500 euros, and two more premium cars. Then it will be necessary to count between 28,500 and 42,800 euros depending on chinese media. The catalog would thus be complete in the course of 2027.

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This article was translated from this source written by


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