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Xiaomi Corp Chief Executive Lei Jun said the Chinese cell phone producer will efficiently manufacture its own vehicles in the main portion of 2024, an organization representative said on Tuesday.

The remarks, which were made at a financial backer occasion, were first revealed by neighborhood media and later affirmed by the organization.

Zang Ziyuan, a chief in Xiaomi's global advertising office, likewise posted the news on his confirmed Weibo account.

The date denotes the following significant objective for the organization's juvenile electric vehicle (EV) division, which Xiaomi officially declared recently.