On November 27, Xiaomi signed a cooperation settlement with the Beijing Financial-Technological Growth Space Administration Committee, and announced plans to establish a Xiaomi Auto factory there.
Zone officers indicated that the Xiaomi Sensible Automotive Undertaking consists of Xiaomi Auto’s essential headquarters, gross sales headquarters and R&D headquarters, and that the agency will construct a whole automobile manufacturing unit with an annual output of 300,000 autos in two phases. Particularly, the manufacturing capability of Part I and Part II is 150,000 autos respectively, and the cumulative annual output of Part I and Part II totals 300,000 autos. It’s anticipated that the primary batch of autos can be delivered and understand mass manufacturing in 2024.
On November 23, Xiaomi stated in its Q3 monetary report that the Xiaomi Auto Project is progressing smoothly, and has over 500 staff members. Earlier, on October 19, on the 2021 Group Annual Investor Conference held by Xiaomi, founder Lei Jun introduced plans to find Xiaomi Auto’s first manufacturing unit in Yizhuang, Beijing.
An essential purpose why Xiaomi selected Yizhuang in Beijing is that additionally it is the bottom camp of the Xiaomi Sensible Manufacturing unit, and in addition the principle space chosen by Beijing in creating into a world sci-tech innovation heart and the principle entrance for high-tech industries.
After practically 30 years of improvement and development, the Beijing Financial-Technological Growth Space has established 4 main industries, specifically, new technology info know-how, high-end cars and new vitality sensible vehicles, biotechnology and nice well being, robotics and clever manufacturing. It contains a improvement sample of high-tech industries primarily based on rising industries.
Within the first three quarters of this 12 months, the regional GDP of the Beijing Financial-Technological Growth Space totaled 193.48 billion yuan ($30.3 billion), up 38.8% year-on-year, and the full industrial output worth has reached 424.36 billion yuan, up 32% year-on-year. Amongst them, the full industrial output worth of the 4 main industries is 403.74 billion yuan, accounting for greater than 95% of the full industrial output worth.