Xiaomi targets 300,000 electric vehicles per year with plant in Beijing With a factory in Beijing, the Chinese group Xiaomi aims to produce some 150 000 electric vehicles per year. This plant will be built in two phases, each with an annual capacity of 150 000 vehicles. Reuters reports information from the Beijing E-Town economic development agency – backed by the Chinese government – that Xiaomi will also set up the headquarters of its automotive division there, the offices of sales and research. After several rumors, Xiaomi’s ambition in the field of connected electric vehicles was unveiled at the beginning…