Xiaomi

Xiaomi CEO said the event will be about technology only and not products, meaning the Xiaomi SU7 could still be a while away from an official launch.

They spread a large amount of false and inaccurate information, which seriously misled the market and disrupted the normal operation of Xiaomi's automotive business, Xiaomi said.

Xiaomi's EV unit will use proven technology, as well as invest ten times more than the industry, to ensure success, according to Lei Jun.

Xiaomi SU7 comes with two battery pack options of 73.6 kWh and 101 kWh capacity, capable of delivering up to 668 kilometers and 800 kilometers of range, respectively, a latest regulatory filing has revealed.

The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said.

Xiaomi's first EV model is bigger than the Tesla Model 3 and Nio ET5, and will be available in single and dual motor versions, with battery suppliers BYD and CATL.

Xiaomi's car factory in Beijing has been conducting small-volume trial production for some time now, with dozens of vehicles already produced, according to local media.

Multiple images circulating on Chinese social media show details of the body of what is said to be Xiaomi's first EV model.

Besides Xiaomi, Zeekr also has plans to launch EREV products, local media reported.

Xiaomi's first EV model is now in the trial production phase, which has been underway for almost a month, according to local media.