Since February, rumors have been circulating about Xiaomi launching an electric car, a move the company confirmed in March. However, there has been a lot of speculation about this project, but today there are fewer speculations. Yes, Xiaomi will launch its own electric car, which has been manufactured from scratch and could be announced in a few weeks.
A lot has been written about whether Xiaomi will collaborate with a company to manufacture its electric car or vice versa, if it will do so directly. However, an article by ITHome reveals new information on this matter.
According to the report, Xiaomi will manufacture its electric car from scratch using its own factories. How is this possible if the company does not have vehicle production lines? It appears that Xiaomi is in talks to acquire a 65% stake in the vehicle unit from Evergrande Group, the Chinese manufacturing company.
If they do so, they will become the largest owner of that unit, which has production lines. In addition, the source reported that Xiaomi will officially announce details about its electric car next week.
Alongside the above, leaks have revealed that Xiaomi is already designing its car and engaging with various suppliers. The idea is to purchase some car parts from globally renowned companies and design the rest from scratch.
