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.
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.