#Giveaway  on last slide

Xiaomi Will Launch Its First Electric Car Prototype In August

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Technically, this is not the first EV Xiaomi has put out. This would be the Xiaomi M365 electric bike. You can also share this "um, actually" fact with your friends. 

Joking aside: The Chinese giant committed $10 billion to electric cars last year and promised to invest another $10 billion in the next ten.

Lei Jun, the founder of the company, is expected to reveal the first EV prototype in August. 

HVST Automobile Design is responsible for designing the car. The prototype will be put to further road testing, and a Xiaomi car PR campaign may begin after the unveiling.

However, actual production cars are still a ways off. The Xiaomi Auto manufacturing plant in Yizhuang and R&D center will be constructed.

Actual cars are expected to leave the production line by 2024.