After a few years of waiting and speculation, it will be in the first half of 2024 when Xiaomi starts the production of its first electric car, as reported by Lei Jun, co-founder and CEO of the Chinese company.

It was in a political event of the National People’s Congress where the tycoon announced that the firm known for making smartphones and wearables with good cost-benefit ratio, invested just over 3 billion yuan to venture into the electric car market and thereby compete with Tesla; This amount would be equivalent to approximately $434 million at the current exchange rate.

It should be remembered that, for the construction of cars, Xiaomi built a base in Beijing, where it also placed the sales department and the research and development center, in addition to speculation, in the coming months the construction of a plant capable of assembling 300 thousand vehicles will be announced.

This announcement is released just two months after Lei Jun tested the electric car in the snow, where he also advanced, the circuits they made were successful.

The car, which promises to have autonomous driving capabilities, requires half the time of Xiaomi’s co-founder, according to his own statements.

According to some leaks, the vehicle made by Xiaomi would have characteristics of medium and sports sedan, although there are no further details because the firm has remained in some secrecy about it. However, within the little that is known, some leakers express that the price would be approximately 350 thousand yuan.

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