Xiaomi, the Chinese tech giant, is preparing to launch its second electric vehicle (EV) in the first quarter of 2024. According to internal sources, the company plans to unveil the new model in February or March 2024. This timeline aligns with a previous statement by Xiaomi's CEO, Lei Jun, who announced that the production version of the Xiaomi SU7 Ultra would be launched in March 2025.
The second Xiaomi EV, codenamed MX11, is an all-electric SUV that will share a platform and some components with the Xiaomi SU7, but will have a unique design with sleek bodylines. Industry experts speculate that the new model will be a direct competitor to the Tesla Model Y.
The Xiaomi SU5, as well as the upcoming MX11, is part of Xiaomi's efforts to expand its presence in the global electric vehicle market. The company has already established a foothold in the affordable end of the market with its Mi MIX series, and is now looking to take on more premium rivals like Tesla and Volkswagen.
The new model is expected to feature advanced safety features, including multiple airbags, a 360-degree camera system, and a rearview camera. Additionally, the MX11 will likely come equipped with Tesla-like Autopilot technology, allowing for semi-autonomous driving.
The exact pricing for the new model has not been announced, but industry insiders predict that it will be priced competitively with other electric SUVs in its class. With the rise of electric vehicle production in China, Xiaomi is well-positioned to take a significant chunk of the market share with its new model.
As more details emerge, we will provide updates on the Xiaomi MX11's specifications, features, and pricing. In the meantime, stay tuned for more news and rumors on the electric vehicle space.