IT House reported on April 11 that on March 17, 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.
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.The land area is 718,046.1 square meters, the total lease and transfer period is 50 years, and the transaction listing starting price is RMB 610,339,185. Five days ago, Xiaomi Auto became the “quasi-landlord” of this plot.
It is reported that the construction of the factory has already started, and the land is being leveled, and about four to five out of ten have been completed.
IT House learned that 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 units respectively. The first car will be rolled off the production line on this land in 2024 and will be mass-produced.
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