Page 19 - Technological Development Zone News Today

In March, Xiaomi said it would commit to investing $10 billion in a new electric car division over 10 years.

Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam kicked off her tour of Central Chinas Hubei Province visiting a host of Wuhan-based companies and attending the Hong Kong-Hubei Co-operation Conference on Monday, another move that signaled Hong Kongs eagerness to integrate deeper with the mainlands economy, which experts said would benefit Hong Kong.

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In March 2021, Xiaomi said it would commit to investing $10 billion in a new electric car division over 10 years and completed the business registration of its EV unit in late August.

China-based smartphone maker, Xiaomi, is planning to set up an electric vehicle manufacturing unit in Beijing.According to a media report, the plant will be located in the Beijing Economic and Technological Development Zone.

Xiaomi is going to build a car factory in Beijing. It will output 300,000 electric vehicles per year when running at capacity and should begin operations in 2024, based on previous comments.

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

Great Wall, which has never before supplied manufacturing services to other companies, would provide engineering consulting to help speed up the project.

Xiaomi plans to produce 300,000 vehicles % One of the world’s smartphone-making majors, Xiaomi, expects to break into the ever-expanding

SHANGHAI (Reuters) - Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday.