Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles – Beijing govt
SHANGHAI (Reuters) – Chinese smartphone giant Xiaomi Corp will assemble a plant that will produce 300,000 vehicles yearly in Beijing for its electrical vehicle unit, authorities in the capital talked about on Saturday.
The plant shall be constructed in two phases and Xiaomi can also constructed its auto unit’s headquarters, product sales and evaluation locations of work in the Beijing Economic and Technological Development Zone, the federal authorities-backed monetary development firm Beijing E-Town talked about on its official WeChat account.
Beijing E-Town talked about it anticipated the plant reaching mass manufacturing in 2024, a function launched by Xiaomi’s Chief Executive Lei Jun in October.
In March, Xiaomi talked about it might commit to investing $10 billion in a model new electrical car division over 10 years. The agency achieved the enterprise registration of its EV unit in late August.
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