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