BEIJING (Reuters) - Chinese smartphone maker Xiaomi Corp ( XIACF ) is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday
The second phase of the Xiaomi Intelligent Manufacturing Industrial Base is scheduled to be completed on June 15, according to a report by the National Business Daily citing a person familiar with the project.
The report added that workers were working overtime to complete the project, which is adjacent to the first-phase factory located in Beijing's Yizhuang New Town, an economic development area in which many high-tech firms have set up shop.
Xiaomi ( XIACF ) did not immediately respond to a request for comment on the report.
The company first announced its entry into the EV business in 2021 as a diversification from its core smartphone operations.
Xiaomi ( XIACF ), which launched its first EV the SU7 sedan last December, has quickly emerged as one of the major EV brands in China. It had sold a total of 70,000 units of SU7 cars by end of September since delivery started in March.