Xiaomi in Talks With BAIC to Reach Goal of Making Cars (2)

Xiaomi Corp. is in talks with Beijing Automotive Group Co. to collaborate on producing electric vehicles, according to people familiar with the matter, as the technology company races to fulfill a promise to make its own cars by 2024.

The two giants are exploring different options including Xiaomi buying a stake in Beijing Hyundai No. 2 plant, which is fully licensed to make cars in China, the people said, asking not to be named discussing a private matter. Xiaomi is eyeing a production tie-up as it faces delays in acquiring a license to make cars on its own, according to ...