Xiaomi CEO reportedly visited FAW over talks for a car manufacturing deal.
Xiaomi CEO Lei Jun reportedly paid a visit to the headquarters of FAW Group in China apparently for talks related to a new car manufacturing partnership deal for Xiaomi’s first car.
Pandaily reported that Lei Jun visited the headquarters of the known automobile maker in China’s Jilin Province. Lei Jun even met with the province’s top government officials during his visit to Jilin, which included Jing Junhai, the secretary of the Jilin Provincial Committee of the Communist Party of China.
The reason for the said visit, as the senior executive of the Chinese tech giant said, was to strengthen the cooperation with Jilin automotive enterprises and to better solidify an automobile production foundation as well.
Secretary Jing was quoted as saying that Xiaomi had strong R&D (research and development) and production capacity in the fields of consumer electronics and intelligent manufacturing.
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According to Secretary Jing, Jilin had a strong scientific research strength, good industrial foundation, and sufficient talent reserve.
“Therefore, the cooperation between the two sides in the fields of automobile manufacturing has broad prospects. I hope Xiaomi can strengthen cooperation with FAW as well as Jilin’s auto industry chain,” Secretary Jing said.
Lei Jun had reportedly visited the Great Wall Motor’s Research and Development Center in China in the past.
Gizmochina reported that the recent move was in line with Xiaomi’s plans on setting up a supply chain and relation with different car brands before the production of its own car.
Media reports have also mentioned that Xiaomi Auto aimed on releasing a new car every year for the next three years after launching the first model in 2024.
Based on the report, Xiaomi expects to sell 900,000 vehicles in the first 3 years after its initial release.
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