On July 25th, Geely Holdings announced that industrial project YZ00-0606 0106 in the Yizhuang New City was sold for about 0.842 billion yuan, with the winning bidder being Xiaomi Jingxi Technology Co., Ltd., a subsidiary of Xiaomi Communications Technology. The land, which was sold as industrial land, covers an area of 0.5311 million square meters, with a building control scale not exceeding 0.6905 million square meters. The starting price of the land was about 0.842 billion yuan, and it was finally sold at that price. It is reported that the land on which the project is located is in the dominant manufacturing and production area, and according to regional industrial cultivation requirements, it is intended to develop a high-end automobile and new energy smart automobile industry. According to the design plan, the total construction area of the project is about 0.4 million square meters, with above-ground area of 0.3915 million square meters, underground area of 8503.33 square meters, plot ratio of 0.74, maximum building height of 15.95 meters, green space rate of 15.04%, and a total of 1009 motor vehicle parking spaces.