Xiaomi, the world’s leading smartphone and electronics retailer, has been planning for the past year to see Tesla’s growth and success and to enter the electric vehicle segment.
Xiaomi plans to build a factory in Beijing that will produce 300,000 cars a year. This new plant is being developed for the fastest growing electric vehicles not only in China but all over the world.
Xiomi
Xiomi, a smartphone and electronics maker, has for the first time entered the electric car industry with great planning. Siomi has been looking for top executives from several leading automobile companies for the project.
New factory in Beijing
Xiaomi will build the factory in Beijing in two parts. Xiaomi, meanwhile, plans to set up its automobile division business headquarters, sales and research office in the Beijing Economics and Technology Development area. The area was created entirely by the Beijing e-Town organization, which was developed by the Chinese government for economic development.
Siomi Lee Jun
CEO of Xiaomi
According to Lee Joon’s plan, Xiaomi’s new plant is expected to reach 3 lakh cars a year by 2024.
$ 10 billion
Xiaomi has announced in March 2024 that it intends to invest about $ 10 billion over the next 10 years in the new electric car industry and business. Siomi launched a separate company in August to trade the division. The factory is currently under construction.
Xiomi development
With Xiaomi almost deciding on its car shape, price, and production size, Xiaomi stores that opened across China to sell smartphones and electric cars at the same time as the factory build are now turning into car dealerships.
Chinese billionaires blood tears .. Govinda earned everything ..! Govinda ..!
The Chinese government, led by Xi Jinping, has embarked on a vital plan to not only make China competitive with the United States in all spheres, but also to allow the Chinese government and Chinese state-owned enterprises to dominate all trade sectors, with the aim of becoming the world’s largest power.
Chinese Government Action
In response, the Chinese government embarked on a major administrative restructuring to bring Chinese private companies, which largely dominate the digital and Internet services from the manufacturing sector, under its control.
Impact on management
The Chinese government is facing a huge impact from this action. This means that there will be no decline in the company’s business with the action currently being taken by the Chinese government, but there will be a large-scale change in the company’s management.
Dominance collapsed
After all, the Chinese government has sidelined many tech companies that have dominated China. Thus many tech leaders are working with their mouths shut, unable to oppose or dominate the government.
Life imprisonment
Survivors are currently facing life imprisonment or the state-owned enterprise if Chinese government officials, or Chinese officials, speak out against Chinese legal plans.
Chinese billionaires
In this predicament, the fastest growing Chinese billionaires on the list of the world’s richest have not only been pushed to the brink of disaster by 2024 but have also lost considerable wealth. According to the Bloomberg Billionaires Index, Tamil Goodwill compiles a list of the 25 Chinese billionaires who have lost the most assets.
