Xiaomi’s first EV will be under 35 lakh rupees

Xiaomi had recently announced that it is stepping into the electric vehicles market, it is planning to make electric vehicles. A popular Mobile phones brand will now make electric vehicles as the company is offering affordable mobile phones we can also expect similar for electric vehicles too. It said its first EV will be priced under 35 lakh rupees.

Xiaomi 

The CEO of the Xiaomi Group, Lei Jun, has unveiled that its first electric vehicle will be either an SUV or sedan and will be priced under CNY 100,000-300,000 (roughly Rs. 11-34 lakh). The company has also announced a new logo which was unveiled at the product launch event. The new logo of the company looks more like a squircle shape.

Jun has also said that the new logo design is more suitable for cars. Xiaomi has already confirmed that it will invest around $10 billion into the smart electric vehicles venture over the next 10 years.

Lei Jun conducted a Weibo survey, where several questions were asked such as What kind of car do you hope that Xiaomi’s first car will be? and most of the people voted for a car and then SUV.

It also asked about the price of the EV and the majority of the users said EV should cost “less than CNY 100,000” (approximately Rs. 11 lakh) and the least voted for “more than CNY 300,000” (roughly Rs. 34 lakh).

Based on the voters’ response Jun has announced the price of the EV will be within CNY 100,000-300,000 (around Rs. 11-34 lakh).

Also Read: Xiaomi low-cost electric scooters-70mai A1 and A1 Pro

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