On May 30th, a representative from Xiaomi business mentioned, “Regarding current reports, we solemnly clarify the following: Xiaomi has actually never ever had any strategies or actions to get or manage Evergrande Auto.”
Just recently, there have actually been reports flowing online that Xiaomi is aiming to obtain 58.5% of Evergrande’s vehicle shares. Relating to the factor for the acquisition, blog writer @ 楚楚的留香 mentioned that it is primarily due to the strong sales of Xiaomi‘s SU7 design. With a combined production capability of 300,000 lorries in stages 1 and 2 at Xiaomi‘s Beijing factory, in order to additional advance the production capability of the Xiaomi SU7 and get ready for mass production of a 2nd SUV design, Xiaomi strategies to make use of Hengchi Tianjin factory for fast growth.
In reaction to this, Xiaomi has actually formerly mentioned that they are not familiar with such matters and are presently actively broadening their production capability with their own stage 2 factory currently under building and construction.
In fact, as early as 2021, there were reports that “Evergrande Group is working out with Xiaomi and an investment firm supported by the Shenzhen federal government to offer part of its stake in the electrical lorry department.” In reaction, Evergrande Auto as soon as provided a declaration stating, “During the intro of tactical investors procedure, Evergrande Auto had initial interaction with Xiaomi Group and did not have thorough conversations to advance.”
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