Going Global: Xiaomi's First EV to Enter Mass Production, Targets 10,000 Units in July

Going Global: Xiaomi's First EV to Enter Mass Production, Targets 10,000 Units in July
Credit: Xiaomi

Xiaomi is set to begin mass production of its first electric SUV model, the SU7, in mid to late February, marking the Start of Production (SOP) phase. The company plans to manufacture about 2,000 units in March, with a goal to increase production capacity to over 10,000 units by July 2024, as reported by CNevpost.

To achieve this milestone, the entire Research and Development (R&D) phase must be completed, and validation tests need to be conducted before the SOP stage to ensure the functional reliability and safety of the vehicles.

Meanwhile, automakers must address supply chain challenges to ensure that parts that meet standards are delivered to the production floor on time. By considering these aspects, innovative electric vehicles with cutting-edge technology can be introduced to the market and delivered to consumers.

Upon implementing the SOP, responsibility for the vehicles will officially transition from the R&D department to the production department. Xiaomi will face new challenges in terms of quality and manufacturing capacity following this step.

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On March 30, 2021, Xiaomi announced its entry into the automotive industry, committing to invest over 10 billion yuan in the initial phase and planning to invest $10 billion over the next decade.

At a technology launch event on December 28, Xiaomi unveiled its electric car, highlighting its goal to become one of the world's top five car manufacturers within the next 15-20 years.

So far, Xiaomi has not announced pricing information or an official launch date for the production version of the SU7. However, according to reports from local media outlet Jeimian, sourced from one of the leading insurance companies, the highest-tier version is estimated to be priced at 361,400 yuan ($50,320).

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