Ford (F) held discussions with Xiaomi (XIACF) over a partnership to help Chinese carmakers gain a foothold in the U.S., Demetri Sevastopulo, Christian Davies, Kana Inagaki, and Gloria Li of The Financial Times reports, citing four people familiar with the matter. During preliminary discussions, Ford explored forming a joint venture with Xiaomi to create EVs in the U.S., the sources added. Ford has also discussed with BYD (BYDDF) about a potential U.S. collaboration.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- Ford Stock (NYSE:F) Slips With Massive Pension Charge
- Tesla Stock Rallies as Analysts and CEO Agree the Company Is a Tech Powerhouse
- Ford Stock (NYSE:F) Gains as Ford Dealers Desperately Fight to Keep Escape Customers
- Ford projects 2025 pension remeasurement loss, funding stable
- Ford sees $300M loss associated with pension plans in U.S.