Xiaomi is negotiating with BAIC to produce electric cars

Xiaomi's long-term plans to become an electric car maker by 2024 have recently hit a roadblock. However, the company may be resuming its ambitious goals, as Xiaomi is said to be in talks with Beijing Automobile Group's BAIC to produce its first generation of electric vehicles.

BingMag.com Xiaomi is negotiating with BAIC to produce electric cars

Xiaomi's long-term plans to become an electric car maker by 2024 have recently hit a roadblock. However, the company may be resuming its ambitious goals, as Xiaomi is said to be in talks with Beijing Automobile Group's BAIC to produce its first generation of electric vehicles.

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Xiaomi has already announced that it plans to add electric cars to its product ecosystem. The company initially planned to build these cars on its own and had made requests to the Chinese authorities to do so. However, in the current situation, it has faced tough and unexpected regulatory obstacles to obtain a license to manufacture its electric cars.

However, this large Chinese technology company still plans to launch its first generation of electric cars by 2024. market and even if he could not do it alone, he will cooperate with other electric car manufacturing companies to achieve this goal. In this regard and according to the Bloomberg report, Xiaomi is now negotiating with BAIC Group to jointly produce electric cars.

This electric car manufacturing company has provided Xiaomi with several offers, including Buying a stake in Hyundai's No. 2 factory indicated that it has a license to build cars in China and that it opened in 2008. Of course, we must mention that according to a Hyundai spokesperson, the reported claims about the partnership with these two Chinese companies in the field of electric cars are not true!

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BingMag.com Xiaomi is negotiating with BAIC to produce electric cars

According to published reports, this possible collaboration will lead to the production of future electric vehicles named It will be commercialized by Xiaomi as well as BluePark New Energy (a subsidiary of BAIC). It seems that Xiaomi's electric car production will indeed fulfill the company's ambitions, though not in the way that CEO Li Jun might have imagined. Beijing Hyundai Corporation, which is a joint venture between Hyundai Motor Corporation and China Bike Corporation, has three production plants in Beijing. Of course, the second factory of Beijing Hyundai is very old, and various preparations in different fields must be made for the production of electric vehicles in this factory. BAIC, which was established in 1958, is a well-known research and development company such as BAIC. The engine is owned by Change Automobile, Bike New Energy, Beijing Hyundai and Beijing Benz. Regarding the products of this Chinese car manufacturer, it should be mentioned that the HI version of the Polar Fox Alpha S car equipped with self-driving technology of Huawei was launched in April last month. It remains to be seen what other news will be released about this in the coming months.

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