Dreame's EV Ambitions Revealed: Concept Car Unveiled, Hiring Underway—but Production License Still Pending

Dreame Technology's automotive project, codenamed "Stellar Plan," has recently made a series of moves aimed at demonstrating to the public that its vehicle development has entered a substantive phase. A concept car model from the project appeared during the 2026 Spring Festival Gala, and in March, the company showcased three concept vehicles along with core technologies—including intelligent cockpits and triple-electric (e-powertrain) systems—at the AWE exhibition. Dreame has also systematically released job postings covering the entire automotive value chain, including R&D, manufacturing, and sales. The legal entity behind the "Stellar Plan" has already been established, registered in Lingang, Shanghai, with a registered capital of RMB 1 billion. Yu Hao indirectly holds a 96.7% stake in the company. However, critical aspects of production remain unclear—the factory site is still in the planning stage, and the company has yet to secure official vehicle manufacturing qualifications. Industry insiders note that while the project is currently focused on R&D and organizational setup, it remains significantly distant from mass production.