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CNBC AI News, July 17th – Social media is abuzz with reports of a recent meeting between Xiaomi CEO Lei Jun and BYD Chairman Wang Chuanfu at the Xiaomi Auto factory. Videos circulating online show Wang, accompanied by Lei, touring the facility.
Lei Jun reportedly acted as a personal “tour guide,” providing Wang Chuanfu with insights into Xiaomi’s automotive operations. The visit suggests deepening ties between the tech giant and the established automotive manufacturer.
Adding to the intrigue, onlookers identified a man accompanying Lei Jun as Hu Zhengnan, a prominent investment partner at Shunwei Capital and a former President of Geely Automobile Research Institute. Hu’s presence underscores the strategic importance of this encounter.
Wang Chuanfu has publicly voiced his support for Xiaomi’s entry into the electric vehicle market on several occasions.
Earlier this year, at the Beijing Auto Show in April, Wang visited the Xiaomi booth, where he was personally greeted by Lei Jun. At the time, Lei expressed a desire to collaborate with BYD.
The Xiaomi SU7 standard edition already utilizes BYD’s Blade Battery, marking an existing foundation for cooperation. This factory visit could signal an expansion of the existing partnership or the exploration of new strategic alliances in the fiercely competitive EV landscape.
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