Xiaomi will build a new factory

Xiaomi will build a new factory

FineAuto

A Xiaomi car plant will be built in the Beijing Economic and Technological Development Zone, Reuters reports, citing the Chinese state agency Beijing E-Town. The annual capacity of the enterprise, which will start working approximately in 2024, will be 300 thousand cars. There, in the development zone, Xiaomi will have a headquarters, research center and sales offices.

In the spring, Xiaomi founder and CEO Lei Jun announced the creation of an automotive division and a billion-dollar investment in this business over the next ten years. By September 1, 2021, a new company Xiaomi EV was registered with a registered capital of 10 billion yuan, which corresponds to $ 1.57 billion, and a few days before that Xiaomi bought DeepMotion, which since 2017 has been developing autonomous control systems and a cloud platform with three-dimensional cards.

After that, information appeared in the Chinese media that the Great Wall would act as a partner for Xiaomi, and that the company could take over Borgward. Now, the government agency Beijing E-Town reports: Xiaomi will build its own factory – and it will open in 2024. The enterprises will appear in the Beijing Economic and Technological Development Zone. The headquarters, research center and sales offices will also be located there. The plant will be able to produce up to 300 thousand cars a year.

Little is known about the first Xiaomi car. Most likely, it will be a sedan equipped with a fourth level autopilot. In most cases, an electric car will be able to move independently, and the driver will not even need to look at the road: if it is necessary to transfer control, the car will simply notify about it.

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