Xiaomi reports that the China Development and Reform Commission is approved to produce

Two people familiar with the matter revealed that the China Development and Reform Commission has approved Xiaomi to produce electric vehicles.

Reuters on Wednesday (August 23) quoted people familiar with the matter that the China National Development and Reform Commission responsible for supervising the new investment and production capacity of China's automobile industry approved Xiaomi to make electric vehicles earlier this month.Xiaomi Motors is the fourth car -making project approved by the Development and Reform Commission since the end of 2017.

However, Xiaomi still needs to be approved by the Ministry of Industry and Information Technology of China. The department is responsible for evaluating the technical and safety requirements of new car manufacturers and models.

People familiar with the matter said that Xiaomi plans to produce about 100,000 electric vehicles next year.Two Xiaomi employees revealed that since last week, Xiaomi has been accelerating to recruit workers for their electric vehicle factories to prepare for the production capacity climbing in December.

During the waiting approval, Xiaomi has quickly promoted the car project.According to a report from the Beijing Daily in July, Xiaomi has completed the construction of factory facilities for 200,000 electric vehicles in Beijing in Beijing.

Lei Jun, the founder of Xiaomi, officially announced the entry into the smart electric vehicle market in 2021, and promised to invest 10 billion US dollars (about S $ 13.568 billion) to the automobile business in the next decade.In the first half of the year, the goal of the first batch of electric vehicles in mass production.

Xiaomi released a financial report in May this year that revenue in the first quarter decreased by 18.9%year -on -year.In the case of decline in mobile phone demand, Xiaomi is seeking diversification of business, rather than mainly relying on smartphone business.According to previous reports, Xiaomi plans to use thousands of stores as an electric vehicle exhibition hall.

Lei Jun said Xiaomi will be his last major entrepreneurial project.The photos posted on Weibo last Saturday (19th) showed that Xiaomi Group partner, president Lu Weibing and others held a banner, saying: fight for Xiaomi Automobile.

Reuters in June reported that Tesla's plan to expand the Shanghai plant has not been approved.People in the industry have previously said that Lucid Group, a luxury electric vehicle manufacturer in the United States, eager to produce cars in China, but was informed that the possibility was very low.It is reported that it is impossible to know why the China Development and Reform Commission plans to turn on Xiaomi's production of electric vehicles at this time.