Xiaomi: CEO confident in its electric cars despite Tesla’s profits

Xiaomi: CEO confident in its electric cars despite Tesla’s profits

Xiaomi has a strong interest in the electric self-driving car segment, a statement that probably won’t surprise many 4gnews readers. In fact, this is one of the areas where Lei Lun, the current CEO of the company, is directly involved in the development of projects. In fact, the goal is to join Tesla as a leading manufacturer of electric vehicles.

By the way, we remember the first exhibition of the autonomous electric car, with the technology developed by Xiaomi, almost two months ago. Now, the CEO of the Chinese company once again confirms his commitment to the electric vehicle segment and informs that his company still has time to join the “EV race”.

Tesla has more than 10 years of experience, but there is time for Xiaomi

Recognizing Tesla’s current advantage, with more than 10 years of experience in the market, the CEO of Xiaomi believes that his company will be able to keep up with the pace of the industry. Elon Musk’s company will have, in Xiaomi, a rival in electric cars.

The CEO of the Chinese company is very ambitious in his review of the electric cars of his brand and in the electric car industry itself. For Lei Jun, the only way is to develop, innovate and improve its current technologies.

Based on their dedication, in Xiaomi’s last fiscal quarter, the Research and Development team now has more than 1,000 dedicated employees. In addition, Xiaomi’s electric vehicle segment will receive a reinforcement of 88.3 million dollars, or 88.3 million euros to finance the needs of the sector.

Xiaomi will continue to invest in the development of the electric car segment

After the first tests given in the sector, and important samples in tweet above, we have the first cars ready for the mass market as early as 2024. A big goal and target, but one in which Lei Jun has full confidence.

We expect Xiaomi’s first electric cars to show their worth in the first half of 2024. Until then, the company will continue to work on what is one of its most ambitious projects to date.

Finally, three commercial vehicles are expected to be delivered, with Chinese prices starting at around US$43,000. However, the existence of a cheaper model is mentioned, costing from 29,000 US dollars for the domestic market.

Tesla entered the EV industry more than 10 years ahead of us. Some people think that we have already missed our window to enter the market, but I disagree. The race is just beginning, and I think Xiaomi has a lot of opportunities. pic.twitter.com/h6aqMytZgG

– leijun (@leijun) September 8, 2022

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