Stock Market News

Xiaomi Likely to Build Own Automotive Factory

2022.09.01 18:15

Xiaomi Likely to Build Own Automotive Factory
Xiaomi Likely to Build Own Automotive Factory

By Michael Elkins

According to a report by Chinese technology news website, Sina Technology, two sources revealed that Xiaomi Corporation (HK:1810) will most likely not acquire BAIC’s (HK:1958) factories, nor does it intend to adopt the OEM model, but will build its own factories.

“Xiaomi will most likely not acquire production lines, or adopt the method of OEM production, and will continue to build its own factories with a high probability. According to the mass production schedule in 2024, it will be too late.” The two sources revealed.

Xiaomi announced in November that the tech giant’s headquarters will be located in the Beijing Economic-Technological Development Area, and a complete vehicle factory with a cumulative annual output of 300,000 vehicles will be built in two phases.

The sources also revealed that Xiaomi’s engineering vehicle has been completed, and the software integration of the engineering vehicle can be completed around mid-October, and then various tests will be started.

Because Lei Jun, chairman of Xiaomi, has claimed that he will no longer respond to the information about Xiaomi cars, and will only disclose it through official channels, it is impossible to obtain Xiaomi’s comments on the matter.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,363.35 0.22%
ethereum
Ethereum (ETH) $ 3,408.84 0.02%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 254.70 0.15%
bnb
BNB (BNB) $ 667.53 2.33%
xrp
XRP (XRP) $ 1.51 5.03%
dogecoin
Dogecoin (DOGE) $ 0.43253 0.81%
usd-coin
USDC (USDC) $ 1.00 0.07%
cardano
Cardano (ADA) $ 1.06 0.73%
staked-ether
Lido Staked Ether (STETH) $ 3,409.40 0.19%
avalanche-2
Avalanche (AVAX) $ 45.61 9.15%
tron
TRON (TRX) $ 0.210293 2.56%
stellar
Stellar (XLM) $ 0.536158 5.93%
the-open-network
Toncoin (TON) $ 6.16 2.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 1.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,033.40 0.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,202.31 0.61%
polkadot
Polkadot (DOT) $ 9.16 2.65%
chainlink
Chainlink (LINK) $ 18.46 5.56%
bitcoin-cash
Bitcoin Cash (BCH) $ 513.53 1.30%
weth
WETH (WETH) $ 3,406.24 0.03%
sui
Sui (SUI) $ 3.43 0.18%
pepe
Pepe (PEPE) $ 0.00002 1.18%
near
NEAR Protocol (NEAR) $ 6.85 4.26%
leo-token
LEO Token (LEO) $ 8.11 6.49%
litecoin
Litecoin (LTC) $ 97.80 2.13%
uniswap
Uniswap (UNI) $ 11.42 3.67%
aptos
Aptos (APT) $ 12.49 1.70%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,589.35 0.07%
internet-computer
Internet Computer (ICP) $ 12.29 7.01%
hedera-hashgraph
Hedera (HBAR) $ 0.144379 3.63%
usds
USDS (USDS) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.189168 2.17%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.568869 0.48%
ethereum-classic
Ethereum Classic (ETC) $ 29.30 0.92%
render-token
Render (RENDER) $ 7.98 0.01%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 2.62%
bittensor
Bittensor (TAO) $ 529.03 0.09%
kaspa
Kaspa (KAS) $ 0.154082 0.76%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.866292 0.48%
whitebit
WhiteBIT Coin (WBT) $ 24.45 1.07%
bonk
Bonk (BONK) $ 0.000047 0.48%
dai
Dai (DAI) $ 1.00 0.06%
vechain
VeChain (VET) $ 0.042887 1.03%
filecoin
Filecoin (FIL) $ 5.66 1.41%
cosmos
Cosmos Hub (ATOM) $ 8.69 3.11%
celestia
Celestia (TIA) $ 7.87 9.66%
okb
OKB (OKB) $ 56.09 0.22%
blockstack
Stacks (STX) $ 2.24 6.86%