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Xiaomi Smart Mfg Industrial Base Phase II Project's R&D Building Fails Final Acceptance: CN Media
2025-10-13 12:12:27 XIAOMI-W (01810.HK) saw wider stock slump today (13th), with a half-day slide of 7.8% closing at HKD47.98, and a turnover of HKD12.508 billion. The Phase II project (R&D comprehensive building) of Xiaomi's Smart Manufacturing Industrial Base did not pass the final acceptance approval of the Beijing government, the official website of the Beijing Investment Project Online Approval and Supervision Platform, managed by the Beijing Municipal Government, showed, according to Chinese media. Xiaomi's Smart Manufacturing Industrial Base is constructed in two phases, with Phase I already producing Xiaomi SU7 electric vehicles, according to publicly available information. The combined annual production capacity of the two phases is 300,000 vehicles, with each phase producing 150,000 vehicles. ~ AASTOCKS Financial News Website: www.aastocks.com | |