There is no official comment from either company on Lee June’s visit to the Great Wall. Although the smartphone maker initially denied rumors that it was working on a car project, the company later announced a 10-year plan to enter the automotive industry with a $ 10 billion investment. Earlier it was reported that Xiaomi has already partnered with automaker Great Wall Motors in this area. In a statement, Great Wall denied rumors that it was in talks with Xiaomi for the production of cars. The smartphone company also described the posts as unreliable.
Two of the big Chinese companies, Xiaomi and Great Wall are negotiating a joint venture with electric vehicles. The information has not been officially confirmed, but such a move is logical, given Xiaomi’s stated ambitions for the car market. Lei Jun, CEO and founder of Xiaomi, visited the Great Wall Motors Research and Development Center this week, Gizmochina reported, posting a photo of the meeting. But a recent visit by Xiaomi’s chief executive to the Great Wall’s R&D center shows that negotiations are still ongoing.
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