News Snapshot:
Chinese smartphone giant Xiaomi will build a plant in Beijing that can produce 300,000 cars a year for electric vehicle units, capital officials said Saturday. Beijing E-Town, a government-sponsored economic development agency, announced on WeChat’s official account that the factory will be built in two stages, and Xiaomi will also build an automotive unit headquarters, sales and laboratory in the Beijing Economic and Technological Development Zone. .. Beijing E-Town said it expects the plant to reach mass production in 2024, a goal announced by Xiaomi CEO Lei Jun in October. Xiaomi announced in March that it promised to invest $...
