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NewsXiaomi electric vehicles

Xiaomi electric vehicles News

Xiaomi electric vehicles

27 Nov 2021

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

The plant will be constructed in two phases. Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone. In March, Xiaomi said it would commit to investing $10 billion in a new electric car division.

30 Mar 2021

Xiaomi eyes electric vehicles segment, to invest $10 billion in new EV unit

The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said. Xiaomi said that the company took two years and spent 140 million yuan in research and development costs to develop the chip. The company has long been attempting to crack the semiconductor sector, though to date it has had limited success compared to rival Huawei.

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