Chinese smartphone giant Xiaomi's first model will be a lidar-equipped sedan with a top price of over 300,000 yuan ($43,500).
Lei Jun, the founder, chairman and CEO of Xiaomi, launched a survey last April in which almost 70 percent of all participants surveyed wanted Xiaomi's first car to cost no more than 150,000 yuan, and about 10 percent wanted it to cost more than 300,000 yuan.
Xiaomi has identified the LiDAR supplier for the first model as Hesai Technology and will use one AT128 hybrid solid state radar as the main radar and several full solid state radars as fill radars.
Full solid state LiDAR has a larger field of view and a smaller blind area than hybrid solid state LiDAR, making it suitable for use as a blind filler. Xiaomi's configuration is superior to current solutions that use a hybrid solid-state radar.
The Hesai AT128 LiDAR was released last year and is already being used by Li Auto in its new Li L9 SUV, which began deliveries on August 30th.
The company believes that the end game of competition in the smart electric vehicle industry is autonomous driving, and that LiDAR is a key sensor to enable high-level autonomous driving. Xiaomi's self-driving technology is in its testing phase and should be at the top of the industry by 2024.
This is the first announcement of the company's progress in project plans since last year, the company officially announced its entry into the automotive market.
Xiaomi invests 3.3 billion yuan in research and development for the first phase of the self-driving driving project, and at present, the exclusive team has more than 500 people, the first phase of the Xiaomi self-driving driving project, which plans to put 140 test vehicles into operation, will be tested in China.