On July 25th, a parcel of industrial land was sold in Beijing's Yizhuang Development Zone, located to the east of Xiaomi's auto factory, and the winning bidder was a subsidiary of Xiaomi. According to the listing document, the industrial land is planned to be used for the construction of a new energy intelligent connected car complete vehicle and parts manufacturing project, with a fixed asset investment of no less than 2.6 billion yuan and an annual output value of no less than 16 billion yuan. According to the official website of the Beijing Municipal Planning and Natural Resources Commission, on July 25th, the Yizhuang New City industrial project was ultimately sold for a starting price of approximately 0.842 billion yuan, with the winning bidder being Xiaomi Jingxi Technology Co., Ltd.
小米出资8.42亿元拿地
Xiaomi spent 0.842 billion yuan on land acquisition.
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