Xiaomi Car (Xiaomi Motors) Will Settle In Beijing Economic Development Zone

Xiaomi car Lei Jun

We know that the Xiaomi Car (Xiaomi Motors) is the last major entrepreneurial project in Lei Jun’s life, Now, we know when mass production will begin.

According to the official sources, today, on November 27, the Beijing Economic and Technological Development Zone Management Committee and Xiaomi Technology signed a “Cooperation Agreement” between the two parties. The document reveals that Xiaomi Motors will settle in Beijing Economic Development Zone.

Xiaomi car

The Xiaomi Automobile Project (aka Xiaomi Motors) will build the Xiaomi Automobile Headquarters Base, Sales Headquarters, and R&D Headquarters. Thus, the company will build a complete vehicle plant with an annual output of 300,000 vehicles in two phases. The car will roll off the assembly line and achieve mass production.

After nearly 30 years of development and construction, Beijing Economic and Technological Development Zone (BETD) has formed a high-precision industry. There are four leading industries of new-generation information technology (1), high-end cars and new energy smart cars (2), biotechnology and health (3), and robotics and smart manufacturing (4).

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In the first three quarters of this year, Beijing Economic and Technological Development Zone achieved a regional GDP of 193.48 billion yuan ($30.26 billion), a year-on-year increase of 38.8%. It also completed a total industrial output value of 424.36 billion yuan ($66.38 billion), a year-on-year increase of 32%. The four leading industries completed a total industrial output value of 403.74 billion yuan ($63.15 billion), a year-on-year increase of 33.0%.

BETD will use the strength of the entire region to provide guaranteed services for the Xiaomi car project. It will also promote the early start of the project and start production as soon as possible.

Xiaomi Car Is The Last Major Project Of Lei Jun

As a reminder, on March 30 this year, Lei Jun announced a major decision. That is, Xiaomi officially entered the smart electric vehicle industry.

He said that the company had already begun to research for building cars. “I have visited Musk twice before, and I am very optimistic about the electric vehicle industry. I have also invested in nearly 10 electric vehicle industry companies in the past.”

On January 15, Lei Jun revealed that in the past 75 days, there have been 85 industry visits, in-depth exchanges with more than 200 automotive industry veterans, 4 internal management discussions, and 2 formal board meetings.

“With high-quality smart electric vehicles, users around the world can enjoy ubiquitous smart life, ” Lei Jun said. This is the original intention of Xiaomi making cars.

Xiaomi Motors had registered in Beijing on September 1. It has received 20,000 resumes and has an R&D team of 453 people.

Lei Jun also stated that the progress of the Xiaomi Car and the team’s work has far exceeded his expectations. The firsts Xiaomi car ought to officially go on mass-production in the first half of 2024.

Source/VIA :
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