Xiaomi Auto has confirmed the address of its headquarters on Thursday. According to a state-owned publicity website, the registered address of the company is Yizhuang Development Area in Beijing, a state-level economic and technological development zone situated in Daxing District.
Lei Jun, Chairman of Xiaomi, announced on Wednesday the establishment of Xiaomi Auto Co., Ltd. with a registered capital of 10 billion yuan ($1.547 billion). Earlier, it was reported that Xiaomi Auto might choose Wuhan and Hefei as its headquarters.
Enterprise information inquiry platform Qichacha shows that the business scope of Xiaomi Auto includes new energy vehicle manufacturing, technical R&D of automobile parts, manufacturing of electrical signal equipment and lithium-ion batteries. The company is 100% controlled by Xiaomi Communications Co., Ltd.