Gearhead News

November 29, 2021
After establishing EV division, Xiaomi prepares to build car plant in Beijing

After announcing in April plans to expand into manufacturing electric vehicles, Xiaomi, the world’s second biggest manufacturer of smartphones, on September 1 established the new car division Xiaomi EV with a committed investment of $10 billion over ten years. Part of those funds will go toward construction of a plant with a capacity of 300,000… [#item_URL]