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Xiaomi Could Buy Evergrande Group’s Electrical Car Division Shares

At this time, 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 stated that the negotiations are nonetheless at an early stage. Thus, nothing sure may be stated in the intervening time. 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 traders to debate the sale of among the firm’s property, together with however not restricted to the sale of the corporate’s itemizing A part of the fairness of subsidiary China Evergrande New Vitality Car Group Co., Ltd. and Evergrande Property Group Co., Ltd.

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

Not too long ago, Evergrande Car issued a revenue warning announcement. As of June 30, the corporate may have a web lack of about 4.8 billion yuan ($0.74 billion). The online loss for a similar interval in 2020 was about 2.45 billion yuan (0.38 billion).

On this regard, Evergrande Motor defined: “The online loss within the first half of the 12 months was primarily because of the enlargement of the brand new vitality automobile enterprise. It was within the funding stage, conditioned with the acquisition of fastened property and gear, the rise in R&D and different associated bills and curiosity bills.”

Xiaomi Automobile

It has been more than 5 months since Xiaomi introduced that it’s going to construct a automobile. Nonetheless, after the announcement, there have been no information till right this moment. This doesn’t imply that Xiaomi can purchase shares of the aforementioned firm as a result of it may construct vehicles itself.

Nonetheless, after Xiaomi introduced the automobile manufacturing in March this 12 months, Lei Jun subsequently visited many home auto firms, together with Changan, GAC, SAIC-GM-Wuling, Nice Wall, SAIC, Dongfeng, Bosch, CATL, and so on.

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

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