Xiaomi to Open Car Plant in Beijing With Annual Output of 300,000 Vehicles, Government Says

In March, Xiaomi said it would commit to investing $10 billion (roughly Rs. 75,000 crores) in a new electric car division over 10 years.

Xiaomi to Open Car Plant in Beijing With Annual Output of 300,000 Vehicles, Government Says

Photo Credit: Twitter/ Xiaomi

Xiaomi will construct its car plant in two phases

Highlights
  • Xiaomi is establishing its auto unit's offices in the Beijing ETD Zone
  • The plant is anticipated to reach mass production in 2024
  • Xiaomi completed registration of its EV unit in late August

Chinese smartphone giant Xiaomi will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday.

The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales, and research offices in the Beijing Economic and Technological Development Zone, the government-backed economic development agency Beijing E-Town said on its official WeChat account.

Beijing E-Town said it anticipated the plant reaching mass production in 2024, a goal announced by Xiaomi's Chief Executive Lei Jun in October.

In March, Xiaomi said it would commit to investing $10 billion (roughly Rs. 75,000 crores) in a new electric car division over 10 years. The company completed the business registration of its EV unit in late August.

The company has been opening thousands of stores to spur domestic sales growth for its smartphone business but eventually intends to use these shops as a channel for its plans to sell electric vehicles.

© Thomson Reuters 2021


What can you expect from Black Friday and Cyber Monday 2021? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Xiaomi Car, Xiaomi, EV, electric vehicle
WhatsApp Testing Shortcut for Quickly Forwarding Stickers on Android
Vivo Y32 Specifications Tipped via China’s TENAA, Design Seems to Be Similar to Vivo Y33s
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.