Xiaomi’s main partner in electric vehicle production is Brilliance Auto Group Holdings Co. It could be a famous Chinese car manufacturer like. or Chery Automobile Co. In this respect reports Bloomberg quotes sources.
According to Bloomberg, Xiaomi representatives have already held meetings with people from Brilliance and Chery. Before that, in August 2023, the IT giant acquired Beijing Automotive Group Co. He had discussed a potential partnership with .
It was not stated what the parties reached. However, Bloomberg does not rule out that Xiaomi could join forces with more than one vendor at the same time.
Xiaomi is looking for partners in automakers due to China’s tightening policy on licensing for electric vehicle production. While Xiaomi may not get the proper approval, Brilliance, Chery or Beijing could gain entry into the electric vehicle market.
Bloomberg’s sources state that the negotiations may not yield any results as the Chinese Ministry of Industry and Information Technology has not yet made a final decision regarding the license received directly from Xiaomi.
existed before clarified Xiaomi 14 presentation date.