Xiaomi to mass-produce up to 300,000 EVs a year in Beijing's E-Town
Last month, Reuters announced that Xiaomi intended to start mass-producing electric vehicles (EVs) during the first half of 2024. While how many EVs Xiaomi intended to mass-produce remained unknown, Reuters noted that the company had 'ramped up hiring'. At the same time, it has also recently acquired or invested in several autonomous driving technology startups.
Now, Reuters asserts that Xiaomi will build an EV plant with capacity for 300,000 vehicles annually. According to Beijing E-Town, a government-funded economic development agency, Xiaomi has settled on China's capital city as the location for its EV plant.
Reportedly, Xiaomi will create its EV plant in the Beijing Economic and Technological Development Zone, an area that is now nearly 30 years old. Beijing E-Town lies southeast of the Yizhuang district and covers over 500 km². Incidentally, Daimler AG and Chrysler already operate there, among others.
Reuters states that Xiaomi will create its EV plant in two phases. Supposedly, Xiaomi will build its EV headquarters on the same site, along with its R&D and sales offices. Xiaomi is still expected to start mass-producing EVs in 1H 2024.