Xiaomi CEO says firm to mass produce its own cars in H1 2024 -spokesperson
SHANGHAI, Oct 19 (Reuters) – Xiaomi Corp Chief Govt Lei Jun stated the Chinese language smartphone maker will mass produce its personal automobiles within the first half of 2024, an organization spokesperson stated on Tuesday.
The feedback, which have been made at a investor occasion, have been first reported by native media and later confirmed by the corporate.
Zang Ziyuan, a director in Xiaomi’s worldwide advertising and marketing division, additionally posted the information on his verified Weibo account.
The date marks the following main goal for the corporate’s fledgling electrical car (EV) division, which Xiaomi formally introduced earlier this 12 months.
Xiaomi shares jumped 5.4% to HK$22.50, the largest each day share rise since Could 12, extending positive aspects for the third straight session.
In March, Xiaomi stated it will decide to investing $10 billion in a brand new electrical automotive division over the following ten years. The corporate accomplished the enterprise registration of its EV unit in late August. L4N2Q310P.
The corporate has ramped up hiring for the unit, although it has but to disclose if it’s going to produce the automotive independently or by way of partnership with an present carmaker.
Reporting by Josh Horwitz and Yilei Solar; Enhancing by Clarence Fernandez and Ana Nicolaci da Costa
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