Xiaomi (HKG:1810) may launch a third vehicle, a sports utility vehicle codenamed KL, in 2026, with the expected starting price set at 150,000 yuan, The Standard reported, citing mainland media reports.
The production may be outsourced to Dongfeng Motor (HKG:0489), or the company may acquire and upgrade existing state-owned automaker's factories, the publication said, citing sources.
The company is already expected to launch a second model in 2025, the Standard said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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