Xiaomi is gradually expanding its portfolio to include vehicles. In the past, the Xiaomi M365 Electric Scooter has already appeared on the market, and in addition, work is underway to create an electric smart car from this company. The Xiaomi company has announced that it wants to invest over 10 billion of dollars in the electric car market in the next 10 years. We will probably know the first fruit of these investments soon, and more specifically, it is a prototype of the first car from Xiaomi.
The latest press news indicates that the company founder Lei Jun will present a prototype of an electric car from Xiaomi in August. The design of this vehicle is the responsibility of HVST Automobile Design, which in the past was also responsible for the WM Motor vehicle concept by Maven. After the presentation, the company is to begin further road tests, and then a marketing campaign is likely to be launched to announce the vehicle's premiere. We can expect that the first electric vehicles from Xiaomi will be available for picking up in 2024.