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Xiaomi to mass produce electric cars from 2024

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Xiaomi Corp CEO Lei Jun (pictured) said at an investor event on Tuesday that the company plans to start mass production of electric vehicles in the first half of 2024.

According to Chinese media, Lei stated that the preparatory work on the electric car project is going ahead of schedule.

In September, Xiaomi announced plans to launch its first electric vehicle in 2024 and noted it completed the registration of Xiaomi Qiche, its subsidiary that will focus on electric car production.

After today’s comments, Xiaomi shares listed in Hong Kong rallied 4.92% at 7:58 am CET.



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