Xiaomi Automobile Co., Ltd. was registered and established on September 1, 2021, with the legal representative Lei Jun and a registered capital of 10 billion yuan. On March 30, 2021, Lei Jun announced that Xiaomi Group would establish a wholly-owned subsidiary responsible for the intelligent electric vehicle business. On November 27, 2021, the Beijing Economic and Technological Development Zone Management Committee officially signed a cooperation agreement with Xiaomi, announcing that Xiaomi Motors will settle in the Beijing Economic and Technological Development Zone. Mass production in the first half of 2024. In February 2024, it was announced that Xiaomi's first car, the SU7, will officially enter the SOP (Start of Production) phase in mid to late February and begin mass production. The production plan for the first month after SOP, which is March, is around 2000 vehicles, and it is expected to complete the production capacity ramp up by mid-2024, with a production capacity of over 10000 vehicles in July. On February 23rd, Xiaomi Motors responded to rumors of "giving away Beijing license plates as soon as you buy": it is completely untrue, and Xiaomi's pricing, delivery, and sales policies are based on official announcements. On March 19, 2024, Lei Jun announced on his personal Weibo account the official opening of Xiaomi's super factory. On March 28th, Xiaomi SU7 held a launch event. On the evening of March 29, 2024, Xiaomi Motors released data showing that within 24 hours of the launch of the SU7, 88898 units were ordered.