SHANGHAI — Chinese smartphone maker Xiaomi reported it strategies to start mass making its have electric powered vehicles in the very first 50 % of 2024, a organization spokesperson reported, citing responses from CEO Lei Jun.

The responses, which ended up produced at an trader event, ended up very first noted by community media and afterwards verified by the organization.

Zang Ziyuan, a director in Xiaomi’s intercontinental promoting division, also posted the news on his confirmed Weibo account.

The date marks the subsequent major goal for the firm’s fledgling EV division, which Xiaomi formally declared earlier this calendar year.

In March, Xiaomi reported it would dedicate to investing $10 billion in a new EV division around the subsequent ten years. The organization done the organization registration of its new unit in late August.

The organization has ramped up employing for the unit, while it has nevertheless to expose if it will develop the car or truck independently or through a partnership with an present automaker.