Emir Bardakçı
It has been on a spree of fast development in this particular automotive ambition of its with the building of Phase II of the factory for Xiaomi Auto, situated in the Beijing Economic and Technological Development Zone. The Phase II facility, currently under construction, sits adjacent to the already operational Phase I factory, with rapid development a testament to the velocity at which Xiaomi is expanding in the automotive sector.
Key Details of the Phase II Factory Development
- The factory site covers an area of 531,000 square meters, with construction well underway and partial foundation work finished.
- It will form only part of a larger plan by Xiaomi to establish itself as one of the leading players in the EV market. Besides the Phase II facility, Xiaomi is expected to spend over 200 million yuan on land purchase for further expansion.
- The industrial plot acquisition for the site was 842 million yuan, acquired by Xiaomi Jingxi Technology Co., Ltd., one of Xiaomi Communications Technology’s subsidiaries.
Expanded Production Plans
- The 0106 plot hosts, with pride, the newly built factory itself, composed of three production plants, one machinery building, underground garages, and whatever auxiliaries may be needed in support.
- Three other adjacent pieces of industrial land (0107, 0108, and 0101) in the vicinity of Yizhuang New Town are expected to be supportive for Xiaomi’s future needs in automotive road tests of new cars and industrial production services.
Xiaomi SU7 is the very first vehicle produced by Xiaomi, and it has received huge success, delivering over 10,000 units this August 2024. For three months in a row now, that delivery volume has been matched or exceeded, and such a pace is expected to reach this target of 100,000 units ahead of time in November 2024. This is aggressive scaling up, underlining its determination to become one of the largest players in the new energy vehicle sector. Large-scale advances in investment and integration of advanced production techniques show that Xiaomi Auto is surely going to redefine its presence-not only in the technology segment but also in the automotive sector.
