Chinese electronics giant Xiaomi has announced a pioneering partnership in the field of electromobility. The company will join the charging networks of its competitors NIO, XPeng and Li Auto. This strategic move will give customers of Xiaomi's automotive division access to a network of over 29,000 charging stations across China.
Xiaomi announced that its electric vehicles can now be used at more than 14,000 charging stations developed by NIO, 9,000 by XPeng and 6,000 by Li Auto. Detailed information on the agreements was not disclosed.
Qu Ke, analyst at CCB International, sees these
these cooperations as a smart move by Xiaomi to make optimal use of existing infrastructures and quickly gain market share.
Xiaomi, previously known primarily for smartphones and household appliances, is a newcomer in the world's largest market for electric vehicles. Despite strong competition, Xiaomi's EV division, which only launched its first model on the market in March, has already achieved considerable sales success.
Xiaomi already reached its 2024 delivery target of 100,000 units in November this year. Due to this unexpectedly positive development, the company raised its annual target to 130,000 vehicles.
Source: investing.com