On October 19th, Lei Jun told an investor conference that construction had progressed more than expected and xiaomi was expected to produce more in the first half of 2024.

In March 2021, a "Smart Electric Vehicle Business Project" announced Xiaomi's official entry into the car-making industry. In early September, Xiaomi Group Chairman Lei Jun announced via Weibo that Xiaomi Automobile Co., Ltd. officially completed the industrial and commercial registration, registered capital of 10 billion yuan, headquartered in Beijing Economic Development Zone, Lei Jun as a legal representative.

Public information found that Xiaomi has invested in four power battery enterprises, two of which involve A-share listed companies, respectively, Zhuhai Guanyu, WeiFeng lithium industry, and the other two hive energy, China Airlines lithium power, is the domestic and foreign power battery loading volume of the top enterprises.

By the time of writing, Xiaomi Group was up 5.15 per cent at HK$22.45, with a market capitalisation of HK$563.4bn. (| AI Finance News Agency Tianyu)