From smartphones to cars
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The Chinese manufacturer of devices such as smartphones and tablets Xiaomi wants to build electric cars. This is evident from reports from Reuters and various Chinese media.
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The strong rise of the electric car makes it attractive for various companies that are not traditionally a car manufacturer to also start developing and producing it. Rumors have been going on for years Apple comes with its own car, vacuum cleaner manufacturer Dyson had ambitious plans to produce EVs and also the Chinese electronics and IT giant Huawei shines to work on an electric car. The Chinese manufacturer of smartphones and tablets Xiaomi has now added to that list of companies.
Reuters, which relies on three sources that would be close to Xiaomi, writes that the Chinese tech giant Xiaomi is sitting around the table with the also Chinese car manufacturer Great Wall about the use of one of Great Wall’s factories. Xiaomi wants to build electric cars where it sticks its own logos. Whether it will be completely self-developed cars or whether Xiaomi will adjust existing products from Great Wall is not yet certain. The latter is more likely.
While both Xiaomi and Great Wall have neither confirmed nor debunked the rumors, the two companies would soon announce a partnership, according to Reuters. Xiaomi is not a complete stranger in the world on wheels. In the form of the Ninebot GoKart Pro, the company has an electric kart in its portfolio, a tear nose for which the company even has entered into a partnership with Lamborghini.
The rumors about the possible collaboration between Xiaomi and Great Wall has in any case not harmed the stock market value of the two companies. On the contrary. Xiaomi rose 9 percent in value on the Hong Kong stock exchange. Great Wall Motor even became worth 10 percent more.
* Pictured: Nio ET7.
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