Xiaomi's automobile plant expansion to be completed in mid-2025, report says
Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday
The second phase of the Xiaomi Intelligent Manufacturing Industrial Base is scheduled to be completed on June 15, according to a report by the National Business Daily citing a person familiar with the project.
The report added that workers were working overtime to complete the project, which is adjacent to the first-phase factory located in Beijing's Yizhuang New Town, an economic development area in which many high-tech firms have set up shop.
Xiaomi did not immediately respond to a request for comment on the report.
The company first announced its entry into the EV business in 2021 as a diversification from its core smartphone operations.
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