As we speak, we heard that China Evergrande Group is negotiating with Xiaomi to promote shares within the electrical automobile division.

Xiaomi Negotiates With Evergrande Group

It seems China Evergrande Group is negotiating with Xiaomi to promote 65% of its electrical automobile division. The supply mentioned that the negotiations are nonetheless at an early stage. Thus, nothing sure might be mentioned in the meanwhile. As you additionally guess, not one of the events commented on this.

Nonetheless, it’s value noting that China Evergrande, Evergrande Auto, and Evergrande Property collectively introduced that the corporate is contacting a number of potential impartial third-party buyers to debate the sale of a few of the firm’s belongings, together with however not restricted to the sale of the corporate’s itemizing A part of the fairness of subsidiary China Evergrande New Vitality Vehicle Group Co., Ltd. and Evergrande Property Group Co., Ltd.

Subsequently, Evergrande Auto responded that they wish to promote a part of Evergrande’s belongings, not the whole group. Concerning whether or not there are already buyers, they mentioned that the follow-up announcement would come quickly.

Not too long ago, Evergrande Vehicle issued a revenue warning announcement. As of June 30, the corporate could have a internet lack of about 4.eight billion yuan ($0.74 billion). The web loss for a similar interval in 2020 was about 2.45 billion yuan (0.38 billion).

On this regard, Evergrande Motor defined: “The web loss within the first half of the yr was primarily as a result of enlargement of the brand new power automobile enterprise. It was within the funding stage, conditioned with the acquisition of mounted belongings and gear, the rise in R&D and different associated bills and curiosity bills.”

Xiaomi Automotive

It has been greater than 5 months since Xiaomi introduced that it’s going to construct a automotive. Nonetheless, after the announcement, there have been no information till at present. This doesn’t imply that Xiaomi should purchase shares of the aforementioned firm as a result of it might probably construct automobiles itself.

Nonetheless, after Xiaomi introduced the automotive manufacturing in March this yr, Lei Jun subsequently visited many home auto firms, together with Changan, GAC, SAIC-GM-Wuling, Nice Wall, SAIC, Dongfeng, Bosch, CATL, and many others.

However we should always word that nothing worthy we may be taught from these visits. Every part is finished secretly. And in terms of the dilemma of creating your personal automotive or partnering with conventional automotive firms, Xiaomi might observe Apple’s method. Not in useless, it’s known as Chinese language Apple. We guess, within the close to future, Xiaomi will problem some necessary statements on this.