Hyperdrive
Xiaomi Holds Talks With Carmakers About Possible Partnerships
- Smartphone giant has had discussions with Brilliance, Chery
- Beijing has tightened approval processes around EV production
Xiaomi Corp. has held talks with established automakers on potential production partnerships, people familiar with the matter said, as it waits for Beijing to approve a license that would give it the right to manufacture electric cars itself.
The Chinese smartphone giant, which has ambitions of becoming a producer of its own brand of electric vehicles, has engaged with several carmakers including Brilliance Auto Group Holdings Co. and Chery Automobile Co., the people said, asked not to be identified because the discussions are private.