Xiaomi's Subsidiary Wins Beijing Industrial Land for High-End Automobile Industry with 842 Million Yuan

2024/07/26
General News
Xiaomi
China
Xiaomi's subsidiary, Xiaomi Jingxi Technology Co., Ltd., has successfully bid for an industrial land plot in Beijing Economic-Technological Development Area with a bid of 842 million yuan, planned for the development of high-end automobiles and new energy intelligent vehicles. The project is expected to invest no less than 2.6 billion yuan in fixed assets and achieve an annual output value of no less than 16 billion yuan, potentially serving as the site for Xiaomi's second phase of automobile factory construction.
Click original text link for more information
autohome
Hot News
Xiaomi Pengcheng N90 Max Revealed, 90-Degree Doors and Sliding Center Console
Xiaomi revealed more details and interior images of the Pengcheng N90 Max, to officially launch on the evening of July 30. Rear doors open 90 degrees for easy boarding. First and second rows face each other for equal comfort. The sliding center console moves between rows with an eco table, instantly creating a four-person tea table. Third-row cushions fold away and second-row seats slide back extensively for generous legroom.
Ora 5 Sport Edition Spotted: Two-Tone Body, Black-Yellow Interior, Urban Fashion Focus
On July 29, the Ora 5 Sport Edition was spotted in real form. The new model features a two-tone exterior design with a dedicated black-and-yellow interior. According to the brand, the Ora 5 Sport Edition targets urban fashion while the Ora 5 GT focuses on handling and sport performance. The Sport Edition continues the brand's fashionable design language, meeting young users' aesthetic needs with its two-tone body and sport-oriented interior, further completing Ora's compact car market portfolio.
Suzuki XL7 Gets Facelift with New Front and Interior Design
PT Suzuki Indomobil Motor unveiled the facelifted XL7 three-row seven-seater SUV at GIIAS on July 29, to be produced at Cikarang Plant for domestic and export markets. New front grille and bumper enhance its commanding presence. Interior features redesigned door trims and instrument panel for a premium cabin. Upper-grade models offer a two-tone color scheme including new Ice Gray.
4
From 303M IDR/Third CKD Hybrid Toyota Veloz Hybrid Launches in Indonesia
Toyota Veloz Hybrid at GIIAS 2026, half a year after its first unveiling at GIIAS Jakarta Auto Week. It's the third Indonesian-assembled Toyota hybrid (after Innova Zenix and Yaris Cross Hybrid) and cheapest, undercutting the Yaris Cross Hybrid from 399M IDR. Powertrain matches Vios/Yaris Cross Hybrid: 91PS/121Nm 1.5L 2NR-VEX engine, 80PS/141Nm electric motor, 111PS combined output, E-CVT, 0.7kWh battery. Four variants: V, Q, Q Modellista, Q TSS Modellista priced 303-389M IDR (RM69k-88k). TSS includes AEB, ACC, blind spot detection, lane departure warning/prevention, rear-cross traffic alert, and pedal misoperation control.
5
445M IDR/First CKD Hybrid Mitsubishi Xforce HEV Launches in Indonesia
Following its launch earlier this month, the Mitsubishi Xforce HEV made a public appearance at GIIAS, priced at 445 million rupiah (about RM101k), higher than petrol-only Exceed (388M IDR) and Ultimate (399M IDR). The Xforce HEV is Mitsubishi's first hybrid model in Indonesia and first locally assembled (CKD) hybrid, produced by PT MMKI in Bekasi Regency, West Java. While Indonesia gets both hybrid and petrol variants, Malaysia receives only petrol while Thailand gets hybrid-only.
6
BMW iX3 L to Launch in Malaysia August 6, Wheel Base 3,005mm / 121-Degree Recline
BMW Group Malaysia announced the new iX3 L will officially launch in Malaysia on August 6. The first Neue Klasse EV model was revealed globally ten months ago, ushering a massive overhaul of design language, interior tech and powertrain. The iX3 L gains 108mm wheelbase to 3,005mm, extending length to 4,890mm, produced in Shenyang to benefit from Chinese EV import tax incentives. Features include pull-up door handles, monochromatic color scheme extending to steering wheel, dashboard and center console, thicker seats with built-in front passenger leg rest, and rear seats reclining up to 121 degrees.
Copyright © RUNTO TECH LIMITED. All rights reserved.