Xiaomi will likely not buy Beijing Automotive Group's plant and will not operate under the OEM model of production, but will build its own plant, sources told Sina Tech. The company still has time to build a plant to reach its goal of starting mass production of electric cars in 2024. Bloomberg previously reported that the Xiaomi EV project is facing difficulties in obtaining licenses from regulators and the company is exploring options of partnering or buying a ready-made plant.