Shulou(Shulou.com)11/24 Report--

CTOnews.com November 2 news, for Xiaomi car construction was stopped rumors. A person from Xiaomi told Science and Technology Innovation Board Daily that without responding to rumors, Xiaomi's car project is progressing smoothly.

In an internal speech at the end of last month, Lei Jun revealed that Xiaomi's first engineering vehicle had been officially offline. In August this year, Lei Jun announced that Xiaomi's autopilot technology had entered the testing stage, and also released a live video of the road test of the autopilot technology, demonstrating its autopilot algorithm and the ability of full scene coverage. Lei Jun revealed that the first phase of Xiaomi's self-driving technology plans 140 test cars, which will be tested across the country one after another, with the goal of entering the first camp of the industry in 2024.

CTOnews.com learned that Xiaomi had previously announced that it would build a full-vehicle plant in two phases in the Beijing Economic and technological Development Zone, with a cumulative annual production capacity of 300000 vehicles and a capacity of 150000 vehicles for the first and second phases. In 2024, the first car of Xiaomi will be launched and mass produced in Beijing Economic and technological Development Zone.

Lei Jun believes that electric car is a kind of consumer electronic products with intelligence, software and user experience as the core. The nature of the automotive industry will evolve from machinery to consumer electronics, with market share highly concentrated in top enterprises.

Lei Jun believes that when the electric car industry enters a mature stage, the top five brands in the world will occupy more than 80 per cent of the market share. "in other words, the only way for us to succeed is to be one of the top five and ship more than 10 million vehicles a year. The competition will be cruel."

Up to now, it has been revealed that Xiaomi has decided that the main supplier of power battery is Fudi battery owned by Ningde Times and BYD, while the lidar will choose Wesai technology, and Xiaomi car team will develop self-driving technology. Software integration is currently under way, and the price ceiling of this upcoming car is expected to be higher than 300000 yuan.

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