Tag: ev

BYD Is in Talks With Xiaomi about cooperating on EV Project
Automobiles, Electric Vehicles

BYD Is in Talks With Xiaomi about cooperating on EV Project

BYD is in negotiations with Xiaomi about cooperating in the smartphone maker’s electric vehicle project This is according to Wang Chuanfu who is the founder and chairman of the Chinese automaker. BYD supports the development of Xiaomi’s car business, Wang said at the China Auto Chongqing Summit 2021 on June 13, adding that the two companies are already strategic partners, as BYD makes large numbers of handsets for Xiaomi. The media have previously misinterpreted Wang’s comments as an attempt to dissuade Xiaomi founder Lei Jun from entering the automotive field, he said. Wang told the Yabuli China Entrepreneurs Forum on June 9 that “the three years Lei plans to invest in building cars cannot be bought by money. Losing CNY5 billion (USD781 million) may not be a big deal if th...