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Xiaomi Auto will build a factory in the Beijing Technological Development Zone

The fifth session of the 13th Beijing Municipal Political Consultative Conference opened at the Beijing Convention Center yesterday, and the fifth session of the 15th Beijing Municipal People’s Congress also opened at the Beijing Convention Center.

From the official policy interpretation, Beijing’s 2022 development goals are mainly divided into the digital economy, Beijing-Tianjin-Hebei synergy, technological innovation, urban governance, business environment, urban and rural development, capital culture, ensuring people’s livelihood, and safe Beijing.

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Among them, the field of scientific and technological innovation clearly pointed out that it is necessary to “promote the construction of Xiaomi automobile and the construction of ideal automobile”, “build a national laboratory in an all-round way”, “accelerate the construction of a comprehensive national science center” and “deploy a group of new research and development institutions in the frontier fields of science in the future”.

In addition, Beijing will continue to implement the digital economy benchmark city construction implementation plan, develop high-level autonomous driving demonstration zones, and fully support the innovation and development of the Beijing Stock Exchange for the potential of digitalization.

The Management Committee of the Beijing Economic and Technological Development Zone signed a cooperation agreement with Xiaomi in November last year, officially announcing that Xiaomi cars will be settled in the Beijing Economic and Technological Development Zone.

According to reports, Xiaomi Auto will build a vehicle factory in two phases in the Beijing Economic and Technological Development Zone. The cumulative annual output of the factory is expected to be 300,000 vehicles, and the production capacity of the first and second phases is 150,000 vehicles. In 2024, Xiaomi’s first car will roll off the assembly line in the Beijing Economic and Technological Development Zone and achieve mass production.

Moreover, Lei Jun said on October 19 that Xiaomi Auto had been registered in Beijing on September 1, and the first factory would be settled in Beijing. 20,000 resumes have been received, and 453 R&D team members have arrived.

Lei Jun also said at the investor day that the progress of Xiaomi’s car manufacturing and team’s work has far exceeded his expectations, and it is expected that Xiaomi’s car will be officially mass-produced in the first half of 2024.

According to the financial report released by Xiaomi on November 23, the current number of R&D personnel in Xiaomi has reached 13,919, accounting for more than 44% of the total number of employees; among them, the Xiaomi car team has more than 500 members.

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