Xiaomi Auto responds to rumors of acquiring Evergrande Automobile: No such plan

News on May 30, Xiaomi spokesperson officially issued a statement today, "In response to recent rumors, we solemnly clarify the following: Xiaomi Motors has never had any plans or actions to acquire or control Evergrande Automobile ”

#According to rumors,

Xiaomi Motors intends to acquire 58.5% of Evergrande Automobile’s shares. Regarding the reasons for the acquisition, NetEase Automotive blogger @chuchu’s Liuxiang According to Xiaomi Auto, the main reason for this acquisition is the booming sales of Xiaomi SU7, and the production capacity of Xiaomi’s Beijing factory can no longer meet market demand. Therefore, the market speculates that Xiaomi Motors may plan to acquire Evergrande Automobile and use the Hengchi Tianjin factory to rapidly expand production capacity to better promote the production of Xiaomi SU7 and the upcoming second SUV model.

Xiaomi stated that

has not heard of such an acquisition plan. The company is currently actively expanding production capacity, and the construction of the second factory has started.

According to the latest news, it is understood that this is not the first time that Evergrande Automobile has been involved in acquisition rumors. As early as 2021, it was revealed that Evergrande Group was negotiating with Xiaomi and a Shenzhen government-backed investment company to sell part of its electric vehicle unit. At that time, Evergrande Automobile responded to this, saying that during the introduction of strategic shareholders, it did have preliminary exchanges with Xiaomi Group, but did not advance in-depth negotiations. However, as competition in the electric vehicle industry becomes increasingly fierce, Evergrande Automobile’s need to introduce strategic partners is becoming increasingly urgent. Therefore, based on the current preliminary exchanges with Xiaomi Group, Evergrande Automobile is actively promoting in-depth negotiations with Xiaomi Group and other potential partners, and is expected to make initial progress in the near future. have to be aware of is,

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