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XIAOMI-W Splashes RMB630M to Acquire Beijing Land for Another New Plant: Report
Lei Jun, Chairman of XIAOMI-W (01810.HK), has recently announced that the YU7, Xiaomi's SUV model, is set to be launched at the end of this month.Xiaomi Jingxi Technology (lite...
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XIAOMI-W Splashes RMB630M to Acquire Beijing Land for Another New Plant: Report
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Lei Jun, Chairman of XIAOMI-W (01810.HK)  +1.000 (+1.885%)    Short selling $685.92M; Ratio 14.481%   , has recently announced that the YU7, Xiaomi's SUV model, is set to be launched at the end of this month.

Xiaomi Jingxi Technology (literal translation of "小米景曦科技"), a subsidiary of XIAOMI-W, has acquired an industrial land in Beijing Yizhuang New City at a starting price of RMB635 million, according to what the Southern Metropolis Daily learned from the Beijing Municipal Planning and Natural Resources Commission through an official channel.

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The acquired land is located near XIAOMI-W's existing car factory. As indicated by the "Listing Transfer Announcement", it is intended for the production of new energy intelligent connected vehicles and components.

In July 2024, XIAOMI-W already acquired the YZ00-0606 block 0106 industrial project in Beijing Yizhuang New City, a land for the production of the soon-to-be-released YU7, involving RMB842 million, information showed.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

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