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Xiaomi to build its first electric vehicle factory in Beijing


Chinese smartphone maker Xiaomi is building its first electric vehicle factory in the outskirts of Beijing, according to a local government announcement, marking an important step for the firm as it vies for a slice of China’s booming EV market.The Beijing-based company inked a deal on Saturday with the committee of the Beijing Economic-Technological Development Area to land its car project in Yizhuang, a suburb southeast of the Chinese capital, the local government said in a WeChat post…

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