Xiaomi and Huawei join hands with this company to accelerate the EV project, know what is the planning

Looking at Xiaomi and Huawei, it seems that both the companies are looking to accelerate their electric vehicle plan. Both companies have invested a significant amount in an EV battery supplier, which also supplies Chinese EV startup NIO. 

Xiaomi and Huawei join hands with this company to accelerate the EV project, know what is the planning

According to the report of 36Kr, both Xiaomi and Huawei companies have made major investments in Beijing Weilan New Energy Limited.

Huawei and Xiaomi's big investment

It has been told in the report that the company has received about 5 billion yuan from Xiaomi and Huawei. Let us tell you that Beijing Vinal New Energy is a high-tech firm whose focus is on developing the next generation of solid state batteries. Beijing Venel New Energy Company was established in 2016, which has three production bases in China.

Powerful battery and great range

The battery of this company is already being used in electric vehicles. The electric car NIO ET7 is powered by the same company's battery, which is being claimed that it offers a great range of 1000 km in a single charge. Following the investment from Huawei and Xiaomi, the company plans to ramp up battery production for its EV projects.

Xiaomi and Huawei join hands with this company to accelerate the EV project, know what is the planning


Xiaomi had informed about the registration of its second car unit a few days ago. Along with this, the company had told in its financial report that about 500 employees are working in the research and development department in its automobile unit. On the other hand, Huawei has unveiled its own electric car. Huawei's joint venture AVATR has introduced its first electric car E11 a few days ago. 


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