Xiaomi expands EV manufacturing footprint with new Beijing land acquisition
Xiaomi’s wholly owned subsidiary, Xiaomi Jingxi Technology Co Ltd, purchased the plot in Beijing for 635 million yuan (approximately 76 million euros) million). Located in the capital’s Yizhuang Economic and Technological Development Zone, it spans over 485,000 square metres and is next to the existing first and second phases of the company’s EV factory. That suggests a clear intention to consolidate and expand production in one of China’s key automotive innovation hubs.
The acquisition was finalised on 19 June, according to an official announcement from the local authorities, and comes with a 50-year lease. The carmaker bought its first plot of land in Yizhuang in 2021 and opened its factory there in 2023. It has a capacity of 150,000 units per year and was always planned as the first of two phases.
Xiaomi then acquired the second plot of land for the factory expansion roughly one year ago and started construction just one day after signing the agreement. It remains to be seen when it will open its doors. According to Chinese media, the site is nearing completion and production could be ramped up in July or August. The total capacity would then be 300,000 units.
The Chinese carmaker is gearing up to take the wraps off its second electric model, the YU7. It will offer three variants, all with around 100 kWh and ranges from 760 to 835 kilometres (according to CLTC). You can read more on the upcoming SUV here.
Xiaomi’s first electric model, the SU7, hit the road in March 2024 and has enjoyed great popularity. The company repeatedly raised its delivery target for 2024. And in Q1/2025 alone, it delivered 75,869 units, bringing the total number of delivered SU7 series vehicles to 258,000 units by the end of March 2025.
Xiaomi founder and CEO Lei Jun also announced a revised 2025 delivery target of 350,000 vehicles—an increase of over 16% from the original goal—underscoring the company’s confidence in its capacity expansion plans and market reception. Chinese media report that some customers have to wait as long as 51 weeks for their Xiaomi EV – so the demand justifying a second and third expansion is definitely there.
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