In 2021, a seed was planted in Beijing’s fertile tech ground. That seed was Xiaomi Automobile Co., Ltd. Xiaomi, already a giant in consumer electronics, decided to venture into the world of electric vehicles. Xiaomi Automobile Co., Ltd. was officially established in September 2021, marking a significant moment in the company’s history. Led by Lei Jun, the CEO of Xiaomi, the company set up its headquarters in Beijing’s Economic and Technological Development Zone. This strategic location placed Xiaomi Automobile Co., Ltd. at the heart of China’s automotive innovation. An agreement signed with the Beijing Municipal Government solidified this commitment. Xiaomi planned to build a state-of-the-art factory in two phases. Each phase was designed to produce 150,000 vehicles annually, reaching a total capacity of 300,000 vehicles. The goal was ambitious. Xiaomi aimed to have its first car roll off the production line in 2024. This timeline reflected the company’s drive and determination to quickly become a major player in the EV market. By December 2023, Xiaomi Automobile Co., Ltd. boasted a research and development team of over 1,000 people. Their hard work culminated in the unveiling of the Xiaomi SU7, the company’s first electric car. The official launch of the SU7 took place in Beijing in March 2024, where orders began pouring in. Xiaomi Automobile Co., Ltd. quickly achieved a significant milestone. In 2024, they delivered an impressive 135,000 vehicles, demonstrating the strong demand for their innovative EVs. In July 2024, Xiaomi Automobile Co., Ltd. secured an independent car-making qualification from the Chinese government, solidifying its position as a major force in the automotive industry. This marked a significant step forward for the company, paving the way for continued growth and innovation in the EV market. From smartphones to smart cars, Xiaomi’s journey is a testament to their ambition and adaptability.
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