Xiaomi is one of the most versatile technology companies that we find today.The manufacturer does everything: telephones, laptops, skateboards, clothing, home products.And now it will also manufacture large -scale electric cars.

According to Reuters, Chinese authorities confirmed that the company will build in Beijing a large plant in which it will manufacture its own electric cars;plans to have an annual production of 300,000 units.The new plant will be built in two phases together with a new area of sales and research offices (R&D) in the capital and technological development zone of the capital.

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Xiaomi is expected to begin with the production of its electric cars in 2023 and that by 2024 reaches the rhythm of production they estimated.The company has invested $ 10,000 million in this new business line, and the cars will be developed with its own technology and design.

This is Xiaomi's most recent step in its entrance to the automotive market.The company registered the brand in August of this year and in October Lei Jun, CEO of the technological giant, said during an event for investors that the production of its first electric vehicle will begin in 2024.

But Xiaomi is not the only phone manufacturer who could make the leap to this market.Its compatriot Oppo is expected to shade the technological giant, since several reports claim that the company already develops its first electric car and that it will be launched between the late 2023 and early 2024.

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