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Apple Store / Apple news / Xiaomi may compete with Tesla in the electric vehicle market in the coming years
27 April 2021

Xiaomi may compete with Tesla in the electric vehicle market in the coming years

What is known about the Xiaomi electric car. Why the company will compete with Tesla electric cars in the coming years

Катерина Антонюк

Not so long ago it became known that Xiaomi will start producing electric vehicles. Moreover, the CEO said that more than $ 10 billion has already been allocated for the implementation of this goal. Such a budget should allow the company to enter the market and be along with other well-known manufacturers.

The decision to take a share in the electric vehicle market is nothing new for these companies. This is how rumors circulate online that Apple is also working on a completely new invention, the Apple Car.

Rumors about Xiaomi electric cars began to appear a few weeks ago. This news really excited the fans of this company. They believe that such an undertaking is quite risky, because by creating such a car, Xiaomi will face a lot of competition. Therefore, it is not known whether there will be a demand for this invention. But, obviously, Xiaomi Mi Car will cost significantly less than from Tesla.

What is known about the Xiaomi Mi Car electric car?

As you know, Xiaomi is engaged in the production of not only smartphones. Over the past few years, she has been known to users for her numerous inventions of smart home technology. And it got to the point that very soon an electric car will also be included in the product range of this company. It is already known that the company allocated an enormous budget for its creation. And this is direct proof that the car is not just rumors, and very soon it will be possible to see development.

Car from Xiaomi

Chinese Xiaomi will create its own electric car in cooperation with Xpeng Motors. It is already known that the new product will be called Mi Car P7 and may go on sale as early as 2021.

Simply put, the Xiomi electric car can already be fully created, and now it can be tested and revised problematic points.

Obviously, the electric car will become an analogue of Tesla, but it will cost much less in terms of cost. The first vehicle from Xiaomi may be an inexpensive electric car, which will be designed for small trips around the city.

The vehicle is expected to have a range of up to 300 km and a speed of at least 160 km / h. Xpeng Motors is known to invest not only in Xiaomi Mi Car, but also works with corporations such as Foxconn and Alibaba. All these companies are confident that such cars will be popular not only in the Chinese market, but also in other countries. And most importantly, they will become more affordable in comparison with Tesla cars.

How exactly these funds will work is still unknown. But, it is already obvious that such developments, despite the presence of great competition, are quite promising.

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