Technology Apr 14, 2021 07:13 PM (GMT+8) · EqualOcean
There are rumors in the market that Xiaomi is about to buy the Chinese car company Borgward Automotive. It is said that Xiaomi is not ready to set up its factory in the early stage of its entry into the automotive market due to the high cost. By buying Borgward, they would have factories with a relatively new production line of Baowo new, with advanced factory design and a high degree of automation. An investment in the single-digit billion range would be conceivable through the announced investment goals of up to CNY 10 billion. The current offer still seems too small, but the investment would be an exciting alternative instead of choosing a company like BYD as OEM. This briefing is contributed by and first appeared on CIMK.

Source: CIMK