Xiaomi is steadily marching toward its goal of commencing mass production on its first passenger electric vehicle in 2024. The Chinese tech giant is currently in a trial production phase, churning out around 50 prototype vehicles per week.
According to recent reports, Xiaomi has obtained critical regulatory approval from China’s National Development and Reform Commission (NDRC) for EV manufacturing. Approval from the Ministry of Industry and Information Technology (MIIT) is expected within two months, potentially by the end of 2023.
Once Xiaomi receives full Chinese government approval, it can accelerate efforts and ramp up for full-scale production at its Beijing factory. The facility is already actively recruiting large numbers of workshop staff, with over 100 open roles paying ~$1000-1,200 monthly salaries.
Xiaomi has strict hiring standards, preferring applicants under 28 with relevant automotive experience from companies like Mercedes-Benz and Tesla. Even qualified candidates risk elimination if unprepared during interviews.
At Xiaomi’s recent Q2 earnings call, CEO Lei Jun stated the company’s strategic goal is becoming a top five global EV brand. He acknowledged EV investments exceed disclosed figures, as Xiaomi pursues in-house development and its own manufacturing.
Lei Jun confirmed Xiaomi’s first EV completed successful summer testing and remains on schedule for 2024 mass production. While challengers face difficulty breaking into auto manufacturing, Xiaomi’s resources and progress point to a promising future as a major EV player.
As prototypes roll off the line and regulatory hurdles clear, Xiaomi’s EV ambitions are coming into focus. Xiaomi looks poised to leverage its consumer electronics history and deliver advanced, connected electric vehicles tailored to tech-savvy drivers.