Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report
Highlights
Chinese smartphone giant Xiaomi Corp 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 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.
Great Deals on Used Cars
View All Used Cars- 46,324 km
- Petrol
- AMT
- 39,823 km
- Petrol
- AMT
- 35,000 km
- Petrol+CNG
- Manual
- 29,065 km
- Diesel
- Manual
- 19,000 km
- Diesel
- Automatic
- 16,178 km
- Diesel
- Automatic
- 13,870 km
- Petrol
- Manual
- 25,279 km
- Diesel
- AMT
- 19,398 km
- Diesel
- Manual
- 5,903 km
- Petrol
- Manual
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles
Trending Vehicles In India
- Home
- News
- Electric Cars
- Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report