Xiaomi will enter the EV business, will establish a dedicated subsidiary

Xiaomi YU7 was unveiled yesterday in China as a mid-to-large sized SUV. The vehicle is positioned as a direct Tesla Model Y competitor. Even during the event, the basic specs of the YU7 were directly compared with those of the Model Y. The YU7 has a 3000 mm wheelbase and a 4999 mm length. It is 1996 mm wide and 1608 mm high. With a 3.11㎡ clam-type aluminum cover design, which is the largest on a mass-produced car...

23 May 2025

Listing on the Ministry of Industry and Information Technology (MIIT) website has unveiled the design and name of the second Xiaomi EV - the Xiaomi YU7 SUV. Xiaomi did that mere minutes after the MIIT website with some further details about the car. It is 4,999 mm long, 1,996 mm wide, and 1,600 mm high. Its wheelbase is 3,000 mm, and its curb weight is 2,405 kg. The model is equipped with dual electric motors, a 220...

10 December 2024

CATL has started building its first battery production facility in North China called. It is a joint investment between CATL, BAIC Group, Beijing Energy Group, Xiaomi Group, and others. The groundbreaking ceremony was held yesterday. Currently, CATL has 11 factories in China and 7 of those are joint ventures with Chinese automakers. This new one will be the 12th in total and the 8th joint venture. Two other CATL...

19 June 2024

Xiaomi SU7 is the tech company's first EV and it has just been officially unveiled in China. The C-class performance sedan is jointly developed with the state-owned Beijing Automobile. It is based on the Modena electric vehicle platform architecture. There are two known versions of the model: Xiaomi SU7 AWD - specifications Xiaomi SU7 RWD - specifications Xiaomi has also worked closely with CATL for two years and is...

28 December 2023

National Business Daily has managed to obtain some information about the current state of affairs and production schedule of Xiaomi's first EV. According to the news outlet, on November 8th, Xiaomi held a closed-door meeting with partners that's been highly confidential with no options for official news reports. A few days later, NBD interviewed a person working near Xiaomi's production base in the Beijing Economic...

15 November 2023

Xiaomi and a committee from the Beijing Economic-Technological Development Area held a signing ceremony on November 27th for a cooperation agreement. With this agreement, it has been announced that Xiaomi Automobile for the production of EVs will be settled in Beijing with its main, sales, research and development headquarters. Xiaomi plans to offer an annual production of 300,000 EVs which will be achieved in two...

28 November 2021

Exactly 5 months ago, Chinese tech company Xiaomi, mostly known for its smartphones and smart home gadgets, announced that it will enter the EV business. Today, Xiaomi Corporation announced that Xiaomi EV, Inc. has been registered with a capital of CNY 10 billion (USD 1,547,623,731.45). Lei Jun, Founder, Chairman and CEO of Xiaomi, is the legal representative of Xiaomi EV, Inc. This marks a key milestone of the much...

1 September 2021

Various Chinese media report that Xiaomi is pondering on entering the EV market. One of the top smartphone vendors in the world has already ventured into the TV market and quite successfully so far. Obviously, it wants to have a chunk of the promising EV market and sees it as a strategic decision that will future-proof the company. In 2013, Lei Jun, co-founder and CEO of Xiaomi, went to the USA twice to visit...

22 February 2021

XPENG Motors - a Chinese EV manufacturer - has announced that it has received a Series C capital funding of US$400 million. The capital comes from "a group of strategic and institutional investors, bringing together an unparalleled combination of corporate and individual investors, as well as renowned private equity firms." An interesting fact here is the Xiaomi will join as a strategic investor. This company is...

14 November 2019