Xiaomi secures Beijing land plot for EV/SDV expansion
Xiaomi subsidiary Xiaomi Jingxi Technology has won a tender for a 485,134-square-metre plot of land near its existing electric vehicle (EV) factory in Beijing for CN¥635m (US$88m), positioning the automaker among a small handful of compatriot brands that have been approved for capacity expansion. The lease will run for 50 years and covers land adjacent to Xiaomi's existing 531,130-square-metre second-phase EV site, which it secured the rights to in July 2024 for CN¥842m.
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Originally posted on: https://www.automotiveworld.com/news/xiaomi-secures-beijing-land-plot-for-ev-sdv-expansion/