Xiaomi will build its own plant for the production of electric vehicles in Beijing and will produce 300 thousand cars a year

V This March Xiaomi officially announced what goes on car market. V September, she registered the brand Xiaomi Automobile Co., Ltd, and two months later established another car company... A now it became known about the fact that the Chinese company will have its own factory for production of electric vehicles.

What is known

The plant will be built in Beijing, and its capacity will be enough for then to release on 300 thousand cars in year. According to government-backed economic development agency Beijing E-town, the plant will be built in two stages and will be able to launch a full-fledged mass production in 2024 year. Exactly at this year and the first Xiaomi models should appear.

In addition, Xiaomi will also build headquarters its automotive division, sales offices and research in economic zone and technological development of Beijing.

As a reminder, back in March in companies said they plan to invest in this industry 10 billion dollars for over the next 10 years.

A source: Reuters