Xiaomi is New Folder (2014)actively preparing showrooms for vehicle sales, currently renovating and expanding retail stores in Beijing, Shanghai, and other cities. The first batch of display models is expected to arrive in the first quarter of 2024. Financial media outlet Jiemian reported on Tuesday, citing employees from a Xiaomi store in Shanghai, that the first floor of the two-story shop will be dedicated to Xiaomi’s electric vehicles after renovation work is complete. This news comes after images of Xiaomi’s first EV model were revealed on the website of China’s industry ministry last month, showcasing a five-seater sedan with a sporty design similar to the Porsche Taycan. The Chinese smartphone maker aims to commence sales in the first half of next year, entering the intensely competitive EV market in China, where rivals like Huawei have been selling EVs through their retail network. [Jiemian, in Chinese]
