One of the leaders in the production of consumer electronics – the Chinese company Xiaomi – will build a plant near Beijing for the production of electric vehicles of its own brand with a capacity of 300 thousand cars per year, reports Reuters, citing the city’s department of economic development.

An engineering research center and an administrative building for the Xiaomi automobile division will be erected in conjunction with the plant.

At the beginning of 2020, Xiaomi officially announced plans to enter the market of electric vehicles and unmanned vehicles, in March the company announced that it would allocate $ 10 billion (730 billion rubles) for the implementation of the plans for the next ten years, and in August it completed the registration of an automobile legal entity. subdivisions.

Serial production of Xiaomi electric vehicles will start in 2024.

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