China Evergrande Group

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 might be stated for the time being. 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 a few of the firm’s belongings, together with however not restricted to the sale of the corporate’s itemizing A part of the fairness of subsidiary China Evergrande New Vitality Vehicle Group Co., Ltd. and Evergrande Property Group Co., Ltd.

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

Just lately, Evergrande Vehicle issued a revenue warning announcement. As of June 30, the corporate could have a internet lack of about 4.eight 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 yr was primarily as a result of enlargement of the brand new vitality automobile enterprise. It was within the funding stage, conditioned with the acquisition of mounted belongings and gear, the rise in R&D and different associated bills and curiosity bills.”

Xiaomi Automotive

It has been greater than 5 months since Xiaomi introduced that it’ll construct a automotive. Nonetheless, after the announcement, there have been no information till immediately. This doesn’t imply that Xiaomi should purchase shares of the aforementioned firm as a result of it could possibly construct vehicles itself.

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

However we must always word that nothing worthy we might be taught from these visits. Every part is completed secretly. And in relation to the dilemma of constructing your personal automotive or partnering with conventional automotive firms, Xiaomi could comply with Apple’s approach. Not in useless, it’s referred to as Chinese language Apple. We guess, within the close to future, Xiaomi will subject some vital statements on this.