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Exposure: Xiaomi joins Great Wall to build an electric car,

Today, some media reports said that insiders revealed that Xiaomi will join hands with Great Wall to build an electric car. It is reported that Xiaomi plans to use the Great Wall Motor Company’s factory to produce electric cars.

According to reports, Xiaomi is negotiating with Great Wall Motors to use the latter’s factory in China to produce Xiaomi brand electric cars.Consistent with the popular positioning of electronic products, Xiaomi’s electric cars will also face the mass market.

According to one of the people familiar with the matter, the two companies plan to announce cooperation as early as early next week.

Affected by this news, Great Wall Motors Hong Kong stocks rose to 10%, and Xiaomi Group rose more than 7%.

According to the latest domestic media reports,Xiaomi responded that everything is subject to the announcement.

Earlier news said that Xiaomi has regarded car building as a strategic decision, and Lei Jun personally led the team, but the specific form and path have not yet been determined.

On the evening of February 21, Xiaomi issued an announcement entitled “Clarification of Reports on Entering the Electric Vehicle Industry”, stating that it had noticed recent reports from several media regarding the Group’s intention to enter the electric vehicle manufacturing industry.

Xiaomi said,The Group has always been concerned about the development of the electric vehicle ecology,

and has conducted continuous evaluation and research on relevant industry trends. The group’s research on the electric vehicle manufacturing business has not yet reached the formal project stage.

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