{"id":179856,"date":"2021-11-27T22:29:08","date_gmt":"2021-11-27T16:59:08","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/xiaomi-will-open-a-factory-that-will-produce-300000-electric-cars-a-year-in-beijing\/"},"modified":"2021-11-27T22:29:08","modified_gmt":"2021-11-27T16:59:08","slug":"xiaomi-will-open-a-factory-that-will-produce-300000-electric-cars-a-year-in-beijing","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/xiaomi-will-open-a-factory-that-will-produce-300000-electric-cars-a-year-in-beijing\/","title":{"rendered":"Xiaomi will open a factory that will produce 300,000 electric cars a year in Beijing"},"content":{"rendered":"

<\/p>\n

\n

Beijing E-Town said it expected the plant to reach mass production in 2024, a goal announced by Xiaomi Chief Executive Lei Jun in October.<\/p>\n

In March, Xiaomi said it would commit to investing $ 10 billion in a new electric car division for 10 years. The company completed the commercial registration of its vehicle unit in late August.<\/p>\n

The company has been opening thousands of stores to stimulate domestic sales growth for its smartphone business, but over time it intends to use them as a channel to sell electric vehicles.<\/p>\n<\/p><\/div>\n