A few weeks after Xiaomi announced the creation of Xiaomi EV Company Limited, the company with which you officially enter the automotive market, The Chinese tech giant has announced the construction of its first Beijing plant.
Faced with the plan to launch its first electric car in 2024 through 30,000 stores, Xiaomi is preparing the land through a plant capable of producing 300,000 units annually.
In addition to the factory, Xiaomi will also build a headquarters for Xiaomi EV Company Limited and sales and research offices, in the Beijing Economic and Technological Development Zone.
To achieve this plan, Xiaomi has announced that it will invest around 10 billion dollars. This is the company’s largest internal restructuring to enter China’s fast-growing electric vehicle market.
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