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  4. Xiaomi Corp Eyes EV Partnership with Beijing Automotive Group
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Xiaomi Corp Eyes EV Partnership with Beijing Automotive Group

By Michael Elkins A recent report by Bloomberg suggests that Smartphone maker Xiaomi (OTC:XIACF) Corp (OTC:XIACY) is considering a production partnership with Beijing Automotive...
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Xiaomi Corp Eyes EV Partnership with Beijing Automotive Group © Reuters. Xiaomi Corp Eyes EV Partnership with Beijing Automotive Group

By Michael Elkins

A recent report by Bloomberg suggests that Smartphone maker Xiaomi (OTC:XIACF) Corp (OTC:XIACY) is considering a production partnership with Beijing Automotive Group Co (HK:1958). The interest in partnering with BAIC comes as Xiaomi Corp faces delays in acquiring a license to make cars on its own.

Xiaomi and BAIC are exploring various options including Xiaomi buying a stake in Beijing Hyundai No. 2 plant, which has a license to make cars in China, the Bloomberg report said, citing people familiar with the matter.

According to the report, the collaboration could see vehicles built by Beijing Automotive’s EV brand, BAIC BluePark New Energy Technology Co. and co-branded with Xiaomi.

Shares in BAIC Motor Corp., which counts BAIC Group as its controlling shareholder, surged as much as 30.5%, their biggest intraday increase on record.

Xiaomi committed to bringing its cars to mass production in the first half of 2024. Earlier this year, the company started construction on its first auto factory in Beijing after declaring its ambition to enter the competitive EV sector and challenge established brands and newer tech companies.

Citing people familiar with the matter, the report states that deliberations are preliminary and there’s no guarantee that the negotiation would lead to an agreement. However, an executive at Beijing Electric Vehicle Co, BAIC's EV unit, told Reuters that he is not aware of such talks between Xiaomi and BAIC, declining to be named because he is not authorized to talk to media.

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01-05-2024 10:45:17 (UTC+7)

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157.91

+0.12 (+0.07%)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

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Natural Gas Futures

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Euro Stoxx 50

4,920.55

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5,035.69

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
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 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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$2,285.72-47.5-2.04%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
ↂ Giá dầu thô thế giới
WTI$80.83+3.390.04%
Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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