Earlier this year, Xiaomi announced that they will be entering the electric vehicle market

From smartphones and gadgets, the tech giant will be selling automobiles in the distant future. At the time, the company didn't say when the first Xiaomi vehicle will officially debut. Instead, Xiaomi revealed that they will be investing a total of USD 10 billion over 10 years with an initial investment of USD 1.5 billion. But it seems we now have an idea when to expect the Xiaomi EV.

Xiaomi CEO Lei Jun announced on Twitter that the first Xiaomi EV is ahead of schedule and is scheduled for mass production in the first half of 2024. Assuming production is on schedule, we could even see a concept or see the vehicle towards the end of 2023.

Unfortunately, the Xiaomi CEO has yet to reveal new details about the upcoming Xiaomi EV. However, it does make things exciting as more tech brands enter the EV market. Apple has long been rumored to join the EV market. While Apple has yet to officially confirm the info, a previous report did say that the company plans to start production of the Apple Car by 2024. Earlier this week, iPhone maker Foxconn even introduced three EVs, one of which could become the Apple Car.

As for Xiaomi, there's no word whether they'll make their own EVs or have them produced by a third-party company. Supposedly, Xiaomi will collaborate with Great Wall Motors and use one of its factories to build its EV. The automaker will also lend their technical expertise on EVs to the tech company to make the EV a reality.

Whatever the case, 2024 is shaping up to be a big year for EVs. We're excited to see what Xiaomi has in store for its first EV. Let's just hope