According to the latest report, the Beijing Municipal Commission of Planning and Natural Resources issued an announcement for the bidding, auction, and listing of the YZ00-0606-0101 plot in Yizhuang New Town, Beijing Economic and Technological Development Zone.
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The announcement shows that the land will be provided in the form of “six connections and one leveling” for the construction of an intelligent manufacturing industrial base project, with a land area of 718,046.1 square meters, a total lease and sale period of 50 years, and a transaction listing starting price of RMB 610,339,185. Five days ago, Xiaomi Auto became the “quasi-landlord” of this plot.
Moreover, it is reported that the construction of the factory has started, the land is being leveled, and about forty-five out of ten have been completed. Xiaomi officially signed a cooperation agreement with the Beijing Economic and Technological Development Zone Management Committee on November 27 last year.
According to the agreement, Xiaomi Auto will build a vehicle factory with an annual production capacity of 300,000 vehicles here in two phases. The production capacity of the first phase and the second phase is 150,000 vehicles respectively.
