Xiaomi's third car factory is coming!

The tech giant, which launched its first facility at the end of 2023, managed to build another factory with a 150,000-vehicle annual capacity within a year. The third one is officially in the works.

It was announced that Xiaomi acquired a new 485,000-square-meter plot of land next to its first two factories in Beijing for $88.5 million.

Capable of producing over 150,000 vehicles annually at a single factory, Xiaomi is expected to reach nearly 500,000 vehicles per year with the third facility, set to become operational by the end of 2026.

Struggling to meet strong demand from Chinese customers, Xiaomi is giving a 2026 delivery date for its first car, the SU7, ordered today. The YU7, designed as a more expensive model, is expected to increase profit margins and help balance production with demand through the new factory.

Planning to start exports in 2026, Xiaomi is also working on developing a third model.

 

 

 

 

 

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