AsianFin -- Dreame Technology—best known for its leading domestic cleaning robots—has officially announced plans to build its first ultra-luxury electric vehicle, targeting performance and prestige on par with Bugatti, with a debut slated for 2027.

Although new to the automotive industry, Dreame says it’s committed to long-term investment in vehicle development. The startup has already assembled a team of nearly 1,000 staff and continues to expand its automotive operations.