Now this Chinese company making smartphones will make electric cars, approval from NDRC
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New Delhi : Chinese smartphone maker Xiaomi is now going to step into the field of manufacturing electric vehicles. According to a report by news agency Reuters, Chinese smartphone maker Xiaomi has received approval from China’s government planner National Development and Reform Commission (NDRC) to make electric vehicles. This is a big step towards the smartphone giant’s goal of making the car by early next year.
Xiaomi unveils first electric car
However, the company reportedly needs permission from the Ministry of Industry and Information to start production of electric vehicles. The smartphone maker has already revealed its first electric car Modena, which is internally codenamed MS11. It is an electric sedan which is considered cheaper than Tesla Model S.
China increased car prices
The report said that Xiaomi aims to enter China’s car manufacturing industry at a time when the world’s largest automobile market is grappling with issues including capacity constraints and falling demand. China has promoted price war in recent times. Moreover, once the company starts producing electric cars, Xiaomi will be the latest company to enter a segment where many technology giants around the world are trying their hand at becoming electric vehicle manufacturers. Global tech giants like Apple and Sony have already expressed their interest in making the car. Sony took a step forward by showcasing a prototype of its electric car, which it developed in collaboration with Honda.
Xiaomi will make two lakh electric cars in a year
Talking about Xiaomi’s car making ambition, the company had promised to invest $10 billion in the automobile business over a decade. The tech company, which intends to enter the EV market, aims to mass-produce its first cars in the first half of 2024. However, Xiaomi was waiting for approval from the authorities. The company has reportedly built a factory in Beijing with a production capacity of around 200,000 electric cars annually.
Target to make one lakh electric vehicles in 2024
The report also states that Xiaomi aims to produce around 1,00,000 electric vehicles in 2024. Keeping this goal in mind, Xiaomi has reportedly started hiring workers for its electric vehicle plant since last week. It has been said in the report that Xiaomi has started preparing to start production in December. Interestingly, the company is reportedly planning to use thousands of its stores in China as showrooms for the upcoming electric cars.
what will be the name
According to media reports, the name of Xiaomi’s electric car may be MS11. The name MS11 is also visible in the leaked photo of this car in February. The company had announced to enter the electric vehicle sector in the year 2021 itself. Along with this, the company had told that in the coming 10 years, the company will also invest 10 billion dollars.
how is the look
The design of Xiaomi’s car seems to be inspired by many cars. At first glance, the car also looks like a BYD seal. LED headlights have been given in the car. In addition, the car sports a dual tone scheme. Aerodynamics have also been taken care of while designing the car, due to which the range of the car is expected to be better. Apart from this, information about other features of the car has not been revealed.
Will be introduced in China
It is also being claimed in media reports that the company’s first electric car has been seen several times during testing in China. With this, the company can launch this sedan electric car first in China. After this it will be introduced in some countries including Europe.
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