Xiaomi Corp. has held talks with established automakers on potential production partnerships, people familiar with the matter said, as it waits for Beijing to approve a license that would give it the right to manufacture electric cars itself.
Xiaomi has also held talks with Beijing Automotive Group Co. on potential collaboration around producing EVs, BloombergXiaomi’s casting of a wider net comes as China seeks to limit the number of EV production licenses as the nation’s new-energy vehicle market matures. That’s seen aspiring market entrants be pushed into partnerships with licensed manufacturers, or pivot their business plans entirely.
Meantime, Xiaomi is still working to obtain the relevant approvals from the Ministry of Industry and Information Technology, which signs off on EV production, the people said.