Yes, citing three unnamed sources at once, the publication reports that Xiaomi plans to use the production capacities of the Chinese automaker Great Wall Motors to bring its first electric car under the Xiaomi Mi brand to the market. By the way, Great Wall is known worldwide as a brand that produces inexpensive and unpretentious SUVs and pickups.
Following this news, a statement also came from Xiaomi itself: on its social media platforms, the company announced that it would create a subsidiary for the production of electric cars. Over 10 years, it is planned to invest $10 billion in the company. The Chinese brand emphasized that it intends to offer customers "quality and smart electric vehicles – such that every person in the world could enjoy a smart life at any time and in any place."
To date, Xiaomi has established itself as a manufacturer of good and affordable electric scooters (besides gadgets), and this success may have convinced the company that it is capable of more in the transportation industry. Therefore, it is not afraid to compete with automotive giants, or at least try to do so.
As for the car itself, little is known about it yet. According to the website 36kr.com, it will be a luxury electric sedan that will challenge the Tesla Model S. Accordingly, its price tag will be substantial.
When Xiaomi will present the new product is hard to say exactly, since work on it will only begin next month (April 2021). The approximate debut date is 2023.
