Xiaomi plans of mass production of EVs, is another sign that the Chinese company has equally ambitious plans for the automotive sector, as in smartphones and smart home products, which is already active.
According to Reuters, the target of Xiaomi’s annual production of electric vehicles reaches 300,000 vehicles, to achieve which the company will proceed with the construction of a large production plant in Beijing. Plans confirmed by the development agency of the Chinese capital , Beijing E-Town.
The whole manufacturing process will be divided into two phases, while mass production is estimated to begin in 2024. Alongside the above investment, Xiaomi will also proceed with the construction of the headquarters of the automobile sector in Beijing (in the Beijing Zone of Economic and Technological Development), a news that was also made known by the organization Beijing E-Town.
In the same cluster will operate the research and development department, as well as the sales office.
It is recalled that in September the establishment of the separate company with a capital of close to 1.3 billion euros was completed. It received the name Xiaomi EV (Electric Vehicles) with legal representative the president and CEO of the parent company.
Based on what we read on Engadget, in the “battle of motoring”, Xiaomi will also use the power of its network of stores, through which the sale of electric cars will be promoted.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
