It is rumored that Xiaomi Auto will obtain the qualification to build a car in June-July next year

Recently, according to the Yizhuang New Energy Automobile Research Institute, it is expected that the Xiaomi automobile factory will obtain the automobile production qualification in June-July 2023.

On the afternoon of March 30, 2021, Xiaomi Group officially announced the approval of the smart electric vehicle business project. It plans to establish a wholly-owned subsidiary to be responsible for the smart electric vehicle business. The initial investment is 10 billion yuan, and it is expected to invest 10 billion yuan in the next 10 years Lei Jun will also serve as CEO of the smart electric vehicle business.

Before that, Xiaomi had already entered the game to “build cars”. In 2013, Lei Jun once issued a document expressing his optimism about Tesla’s development. In 2015 and 2016, Lei Jun’s Shunwei Capital successively invested in the A1 and C rounds of NIO and Xpeng Motors, and Xiaomi’s company invested US$50 million in Xpeng Motors in 2019.

After the official announcement to build the car, Xiaomi accelerated the car-building action. On June 3, 2021, Xiaomi participated in the $190 million Series D investment of Zongmu Technology, a supplier of intelligent driving technology; on June 8, it led the investment in the lidar company Hesai Technology Over US$300 million in Series D financing; on July 1, Xiaomi Changjiang Industrial Fund invested in Linding Optics, holding 5% of its shares. The company focuses on optical manufacturing and optical measurement, and supplies automotive, consumer electronics and semiconductor industries. and fields to provide key products and services. After August, Xiaomi has successively invested in Ganfeng Lithium Battery, Yuntu Semiconductor, Yutaiwei, Lice Technology, Shanghai Hangxin and other companies.

By November 27, 2021, the Management Committee of the Beijing Economic and Technological Development Zone and Xiaomi Technology signed the “Cooperation Agreement”, officially announcing that Xiaomi Auto will be located in the Beijing Economic and Technological Development Zone. In addition, Xiaomi has disclosed information showing that the Xiaomi Auto Project will build the Xiaomi Auto Headquarters Base, Sales Headquarters, and R&D Headquarters. It is planned to build a vehicle factory with an annual output of 300,000 vehicles in two phases, with a production capacity of 150,000 vehicles in the first and second phases. , the first car is expected to roll off the assembly line and achieve mass production in 2024.

Up to now, one of Xiaomi’s core components, the power battery, has finalized two main suppliers, namely CATL and BYD’s Fudi battery; the lidar will use Hesai Technology; in addition, the construction vehicle has also been completed , is currently undergoing software integration.

Since the official announcement of the construction of the car, Xiaomi’s work has been progressing in an orderly manner, but there has been no definite news about the qualification of the car. There have been many rumors in the market before that Xiaomi will obtain the qualification through acquisition, but these news have never been obtained. Official confirmation.