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Xiaomi is ready to disclose its electric vehicle (EV) expertise at an occasion in China on December 28, the corporate’s CEO and founder Lei Jun has confirmed.

The occasion’s poster reveals a car chassis adorned with the phrase “STRIDE” positioned prominently atop it, signaling Xiaomi’s ambition to rival Tesla and BYD within the EV market.

Xiaomi is venturing into the business with years of effort, involving greater than 3,400 engineers and an preliminary funding of round $1.5bn.

Why does this story matter?

Xiaomi’s entrance into the fiercely aggressive EV area comes at a time when established gamers like Tesla and China’s home automakers have already demonstrated outstanding success.

Jun is optimistic about this new enterprise and goals to duplicate its smartphone business success. However, securing a considerable market share in such a aggressive panorama will undoubtedly pose a substantial problem.

The firm will largely discuss its EV platform

Xiaomi’s official announcement got here simply earlier than the tip of 2023, setting the stage for the upcoming yr to revolve round its foray into the EV sector.

Jun has talked about that the occasion will solely showcase the expertise the corporate has constructed. No product-related bulletins shall be made on December 28.

However, the corporate has already given us the first look at its maiden EV, known as the Xiaomi SU7.

Leaks reveal LiDAR expertise for self-driving potential

Numerous speculations and knowledge leaks have circulated relating to the specs of Xiaomi’s inaugural EV.

A current leak disclosed the inclusion of a central management show, a three-spoke steering wheel, LiDAR expertise for self-driving capabilities, and face-recognition unlocking by way of a B-pillar digicam.

The automobile shall be 4,997mm lengthy, 1,963mm broad, and 1,455mm tall. It can have a wheelbase of three,000mm. The out there wheel choices for the EV shall be 19-inch and 20-inch.

RWD and AWD trims must be supplied

The Xiaomi EV is anticipated to be out there in rear-wheel drive and all-wheel drive variations, powered by 220kW and 449kW motors, respectively.

The automobile may are available in three distinct variants: the SU7, SU7 Pro, and SU7 Max.

It will make the most of an economical LFP battery pack from BYD and run on Xiaomi’s not too long ago launched HyperOS working system.

The electrical car might present choices for 2 completely different battery capacities—73.6kWh and 101kWh—leading to a variety of as much as 800km (relying on the configuration).