Xiaomi is streamlining processes so that production of its first electric cars starts as soon as possible, recently finishing work on its second factory in Shanghai.
Xiaomi intends to boost its production schedule so that its first electric cars are presented in 2022. According to sources who work within the company, the Chinese giant is also closing the process to build a second factory of eletric cars in Shanghai. According to documents that were leaked from the china qichacha, Xiaomi Auto Technology is bringing together a number of suppliers for the factory to be built, in addition, the company is also looking for a number of other suppliers located in Shanghai.
Construction of Xiaomi's new electric car factory is in full swing
Xiaomi plans to close partnerships with companies specialized in providing electric car assembly lines, in Batteries for automobiles and also in the production of welding equipment. The China company also plans to buy press machines, service for autonomous driving simulation and safety evaluation equipment.
Currently, Xiaomi Auto Technology has only one factory operating in the capital of China, Beijing. The facility is being used to assemble the brand's first electric cars and also to carry out assembly tests. However, Xiaomi knows that the need for electric cars is great and that the current assembly capacity is low, so the construction of another factory, located in Shanghai, could solve this bottleneck.
It is important to emphasize that Shanghai is one of the most competitive cities in China for the electric car sector, because it has a large capacity of installed factories, companies that supply parts and also privileged maritime transport for export.
Xiaomi invests 10 billion dollars in the segment
During the announcement about the development of its first electric cars last year, the China revealed that it will invest approximately 10 billion dollars in its new division.
At the time, the president of Xiaomi, Lei Jun, presented himself as responsible for developing the entire project and the team already had around 500 participants focused on the development of vehicles. In addition, the company's expectation is that its factory will have the capacity to produce 300 vehicles.
The Chinese multinational has not yet released any information about the models that will be produced, however it is possible to expect that the vehicle will be equipped with cutting-edge technology both in terms of connectivity and safety. Xiaomi intends to bet on the same strategy that Apple will use in its vehicles where the model is capable of delivering all the features through the owner's smartphone.
About Xiaomi
Xiaomi is a multinational technology and electronics manufacturing company headquartered in Beijing. The company develops, invests, produces and distributes smartphones, smartbands, notebooks, smart home devices, televisions, headphones and several other products. Its founder, Lei Jun, is ranked 25th in China's richest people.
In 2014, the company sold more than 60 million phones and in the third quarter of 2019, 32,7 million smartphones were sold. Currently the company has 17 employees spread across China, Malaysia and Singapore, expanding to other countries such as India, Philippines and Indonesia.
The company holds the title of the 5th largest smartphone producer in the world, with a 10% share of the global smartphone market. The company also has the 4th largest share of the global market in the sector in which it operates.
