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    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

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    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

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    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    Court Restricts Protests In Lagos To Freedom, Peace Park

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    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

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    A major AI training data set contains millions of examples of personal data – MIT Technology Review

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    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

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Xiaomi EV’s Joint Venture with CATL Has Been Officially Established

May 21, 2024
in Technology
Xiaomi EV’s Joint Venture with CATL Has Been Officially Established
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On May 20th, according to the latest update on the QCC.com, a company named Beijing Shidai Power Battery Co., Ltd. was quietly established recently, marking another important piece in the new energy vehicle supply chain. The legal representative of the company is Meng Xiangfeng, with a registered capital of 1 billion RMB, focusing on battery manufacturing business scope.

Through the equity penetration analysis of QCC.com, it is not difficult to find that behind this company are luxurious investors including Xiaomi Automobile Technology Co., Ltd., Contemporary Amperex Technology Co. Limited (CATL), Beijing Jingneng Technology Co., Ltd. and other industry giants. Previous reports have indicated that this company plans to invest in building a smart battery cell manufacturing plant in Beijing to further enhance its independent research and production capabilities for batteries.

Under the urgent demand for expanding production capacity and improving efficiency, Xiaomi‘s car factory in Beijing has also seen an acceleration in production pace. In order to shorten consumer waiting times and ensure faster delivery speeds, the factory plans to implement a ‘double shift mode’ starting from June, extending daily production time from the original 8 hours to 16 hours. This means that under the double shift system, with full production capacity, monthly output is expected to approach a new high of nearly 20,000 vehicles.

On May 15th, Xiaomi delivered its 10,000th Xiaomi SU7 vehicle successfully to customers. This milestone signifies that it has initially overcome the challenge of ramping up production capacity and officially entered a new phase of fully accelerating production capacity release. According to the delivery period announced on the official website on May 15th, although there are slight differences in delivery times for various models in the Xiaomi SU7 series – SU7 takes between 9-32 weeks; SU7 PRO takes between 30-33 weeks; while SU7 MAX has the longest delivery time at between 33-36 weeks – these data also indirectly reflect the current market situation where Xiaomi cars are selling well and consumers have strong enthusiasm. It also highlights the urgent need for companies to continuously optimize their production processes and increase their production capacities.

SEE ALSO: Xiaomi’s AI Large Model MiLM Officially Passes the Record

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