Xiaomi EV plant in Beijing

Xiaomi’s plans to enter the vehicle business are moving forward, with the Chinese electronics company planning an EV factory in Beijing with an annual production capacity of 300,000 vehicles. On Saturday evening, Beijing authorities announced, according to a dpa report, that the factory will be built in two phases and will also include a research center. The first car is scheduled to roll off the production line in 2024, according to schedule (China.Table reported).