The success of Tesla EV was game-changing and perhaps it was only one of the contributors to what today the EV market looks like. Xiaomi’s EV wing has been working on its first-ever EV car for quite some time now. Turns out Xiaomi just came a step closer to rolling out its EV car in the market as it required a green light for trial production from the National Development and Reform Commission (NDRC).
NDRC is a regulatory body that oversees investments in the automotive market. Xiaomi has already pumped RMB 1.4 billion (or $191 million) into its EV business with another $10 billion RMB to inject in a frame of next 10 years towards the EV business.
The trial production will help Xiaomi evaluate the production line, process integration, equipment, worker proficiency, and product consistency among others. Xiaomi will be producing 50 prototypes every week and based on the analysis, will reiterate the process to achieve optimum process before flagging off the mass production stage.
Xiaomi EV will have to undergo another hurdle clearing the Ministry of Industry and Information Technology (MIIT) that evaluates the technical and safety parameters of individual cars in the country. Once it has passed through MIIT, the Chinese tech juggernaut can enter mass production for its first EV car on a large scale. It would take another two months or the end of this year for MIIT’s approval as per a person who is familiar with the matter.
Coming back to Xiaomi, the first EV car has already been summer and winter tested and has been spotted in the wild with camouflage for a long time. The mass production is expected to commence in the first half of 2024 as per Lu Weibing, Xiaomi’s president.