Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
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Xiaomi has added CATL batteries to the standard variant of the SU7 instead of just BYD batteries as it did earlier to boost capacity.
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Multiple media reports have previously suggested that Xiaomi's second model will be an all-electric SUV that will go into production in 2025.
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Xiaomi EV will challenge a delivery target of 120,000 units for the full year 2024, according to local media. This represents a 20 percent increase from the previous target of 100,000 units.
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Xiaomi's smart driving team has now surpassed 1,000 people, with plans to add an extra 500 by the end of the year, Xiaomi EV said.
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Wang Naiyan, former China CTO of autonomous driving tech firm TuSimple, will join Xiaomi EV, according to local media.
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Xiaomi Auto talks about testing of the SU7 and says that the lifespan of a car is more than 200,000 kilometers.
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Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according to local media.
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Xiaomi EV said it is working on increasing its production capacity to ensure it meets its 100,000-unit delivery target this year.
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Xiaomi EV is asking its upstream suppliers to boost the supply of components, increasing orders by about 80 percent, according to local media.
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