Technology

New electric car factory in Beijing targets 300,000 cars annually

New electric car factory in Beijing targets 300,000 cars annually

Chinese smartphone company Xiaomi has signed a cooperation agreement to build an electric auto assembly plant in Beijing with the Administrative Committee of Beijing Economic-Technological Development Area, also known as E-Town.
The latest tech company to join China's new energy vehicle (NEV) sector, Xiaomi committed to invest $10 billion in a new electric car division over the next 10 years.

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