Xiaomi has acquired a new land parcel in Beijing’s Yizhuang development zone, likely for the second phase of its electric vehicle (EV) factory project. The acquisition was made through an affiliate of Beijing-based Xiaomi, which won the bid for RMB 842 million ($116 million), according to an announcement by local natural resources authorities. The deal, … Continue reading Xiaomi Acquires Land for Second Phase EV Factory in Beijing