Xiaomi Automotive recently signed a contract with a committee from the Beijing Economic-Technological Development Area to establish its entire automotive business in the suburb of Yizhuang. With a goal to put its first EV on roads in 2024, Xiaomi will establish its headquarters, R&D, and manufacturing on the site that will be constructed in two phases.
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Chinese consumer electronics company Xiaomi has officially entered the EV market after completing its industrial and commercial registration in China as Xiaomi Automobile Co. Ltd. In a recent announcement of the new EV entity, Xiaomi Automobile has revealed that it already has a team of nearly 300 employees.
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Consumer electronics company Xiaomi Communications Co. appears to be the latest manufacturer entering the electric mobility race. The Beijing-based company is reportedly making plans to create Xiaomi brand EVs. The company will utilize a Chinese manufacturing facility owned by Great Wall Motor.
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