Futu News reported on the 26th that, according to Reuters, Xiaomi is discussing using Great Wall Motor's factory to produce electric vehicles, and may announce a partnership as soon as next week.

Xiaomi Group's stock price has risen and is now up 5.86%. Great Wall Motor's H shares are now up 6.85%.

Two people familiar with the matter said that Xiaomi's electric cars will target the mass market, which is consistent with the company's overall positioning of electronic products.

One of the people familiar with the matter said that Great Wall has never provided automobile manufacturing services to other companies before, and this time it will provide engineering advice to Xiaomi to speed up the project. Both companies plan to announce their partnership as early as next week.

Xiaomi responded that everything was subject to the announcement.

Fu Xiaokang, vice president of Great Wall, expressed no comment on this, adding that for a long time, Great Wall Motor has been committed to cooperating with relevant parties in the industrial chain to build an open ecological platform based on the industrial Internet and establish a stronger ecosystem. Great Wall Motor welcomes partners from all relevant industries to seek common development and welcome the future together.