Xiaomi to complete EV factory expansion by mid-2025, continuing EV market entry.

Xiaomi Corp plans to complete the expansion of its electric vehicle factory in Beijing's Yizhuang New Town by mid-2025. This expansion is part of the Xiaomi Intelligent Manufacturing Industrial Base, which supports the company's entry into the EV market announced in 2021. Since launching its first EV, the SU7 sedan, in 2021, Xiaomi has sold 70,000 units by September 2023, marking its significant presence in China's EV sector.

October 23, 2024
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