Xiaomi acquires new land parcel in Beijing to expand EV production capacity

News
Corporate developments
ATI News Team

The land parcel is acquired by the company through a bidding process for $116 million

The electric vehicle subsidiary of consumer electronics giant Xiaomi has acquired a new land parcel in Beijing to expand its production capacity under the second phase of its EV project, according to a news report published by CnEVPost on July 26.

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