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Smartphone giant Xiaomi might co-brand EVs with BAIC to fulfill its 2024 delivery promise

Xiaomi EV

Xiaomi Corporation is reportedly facing delays in acquiring a license to make EVs of its own in China under the Xiaomi Automobile brand it registered in 2021. As a result, the behemoth consumer electronics manufacturer is in early talks with Beijing Automotive Group Co. (BAIC) to co-develop EVs in order for the latter to fulfill its promise of delivering its first vehicles by 2024.

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CEO confirms NIO is developing its own phones, names Apple as a potential rival

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Although NIO CEO William Li recently admitted the company is only in the research phase, he has confirmed the Chinese automaker is exploring the production of its own phones. By combining technology with humanity, NIO hopes to provide one holistic system for consumers’ daily lives – much like Apple, who NIO’s CEO sees as a potential rival in the future.

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Xiaomi taps Beijing as its EV headquarters alongside a new 300,000 vehicle-per-year factory

Xiaomi EV

Xiaomi Automotive recently signed a contract with a committee from the Beijing Economic-Technological Development Area to establish its entire automotive business in the suburb of Yizhuang. With a goal to put its first EV on roads in 2024, Xiaomi will establish its headquarters, R&D, and manufacturing on the site that will be constructed in two phases.

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