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TUhjnbcbe - 2023/8/7 20:38:00

BEIJING,August26(TMTPOST)—BeijingAutomotiveGroupCo.(BAIC),oneofleadingstate-ownedautomobilemanufacturersinChina,dismissedareportthattriggeredspeculationaboutitspartnershipwiththecountry’sleadingsmartphonemakerXiaomiCorp.

Source:VisualChina

XiaomiisdiscussingwithBAICaboutpossiblepartnershiponproducingelectricvehicles(EV),andthepairconsideredvariousmeansofcooperation,suchasXiaomi’sacquisitionofastakeinBeijingHyundaiNo.2plant,whichisfullylicensedtomakecarsinChina,BloombergreportedFriday,citingpeoplefamiliarwiththematter.Accordingtothereport,XiaomimayworkwithBAICthroughvehiclesco-brandedwithBAIC’sunitBAICBlueParkNewEnergyTechnologyCo.,(BluePark),whichcouldalsotaketheroleofmakingvehiclesasithasproductioncapacity.ItissaidthatXiaomihastofindapartnerbecauseoflaggingofobtaininglicensetomakeautomobilesbyitself.

WhileXiaomiandBAICdidn’timmediately

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