Xiaomi has finalized the pricing for its electric vehicle, Xiaomi Car, set to launch next year.

The production progress of Xiaomi's first car model has been a highly scrutinized topic, with recent reports showing significant strides. According to CNMO, a participating supplier in the project has just announced that pricing for Xiaomi's first car model has been locked in.

FAW Fuwei Automotive Parts Co., Ltd., headquartered in Zhongxuan, China, has confirmed their active participation in Xiaomi's car project and disclosed that some of their subsidiaries have joined the product purchasing group.

Previously, a leak on social media suggested a starting price of 149,900 yuan (approximately 492 million dong) for Xiaomi's car, sparking discussions. However, Wang Hua, head of Xiaomi's public relations department, clarified that this information is inaccurate. It originated from a self-amplified report from May 2022, mistakenly exaggerated by the virtual assistant Xiaoice.

Xiaomi's car production is reported to be progressing steadily. In May of this year, Lu Weibing shared that the project is advancing smoothly and has entered a rapid development phase. The vehicle was found undergoing snow tests alongside founder Lei Jun in January. Many tests during the summer and winter are scheduled for this year. According to the plan, the Xiaomi car is expected to be officially launched in the first half of 2024. Let's stay tuned!