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Xiaomi negotiates with BAIC to produce electric cars


© Reuters. FILE PHOTO: The Xiaomi logo is seen during a press conference in Hong Kong, China June 23, 2018. REUTERS / Bobby Yip

(Reuters) – Smartphone maker Xiaomi (OTC:) Corp is in talks with Beijing Automotive Group Co to co-produce electric vehicles, Bloomberg News reported on Friday, citing people familiar with the matter. with this problem.

The two giants are exploring different options, including Xiaomi buying a stake in the Beijing Hyundai No 2 factory, the report said.

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