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SHANGHAI (Reuters) – Chinese language smartphone big Xiaomi Corp will construct a plant that may produce 300,000 automobiles yearly in Beijing for its electrical automobile unit, authorities within the capital stated on Saturday.
The plant will likely be constructed in two phases and Xiaomi will even constructed its auto unit’s headquarters, gross sales and analysis workplaces within the Beijing Financial and Technological Growth Zone, the government-backed financial growth company Beijing E-City stated on its official WeChat account.
Beijing E-City stated it anticipated the plant reaching mass manufacturing in 2024, a purpose introduced by Xiaomi’s Chief Government Lei Jun in October.
In March, Xiaomi stated it might decide to investing $10 billion in a brand new electrical automobile division over 10 years. The corporate accomplished the enterprise registration of its EV unit in late August.
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