Xiaomi has established a new subsidiary focused on electric vehicle components, as the company moves to deepen control over key parts of its EV supply chain, according to Chinese media reports.
The new company, Beijing Xiaomi Jingxu Technology, was officially registered on April 30 with capital of 10 million yuan ($1.4 million), several Chinese media outlets reported, citing business information platform Tianyancha. The subsidiary’s business scope includes electric vehicle batteries, motors and electronic control systems.
Ownership records cited in the reports show the company is indirectly wholly owned by Xiaomi Intelligent Technology.
Xiaomi has so far relied on external battery suppliers while cooperating with partners on technology development. In batteries, the company has worked with CATL on a CTP3.0 battery pack and with BYD subsidiary Fudi on lithium iron phosphate (LFP) battery solutions.
In the electric motor segment, Xiaomi has already developed its own HyperEngine V8s and V6s drive systems. The creation of the new subsidiary signals a broader push toward greater self-sufficiency in strategic EV technologies.
Chinese media also reported that Xiaomi is preparing to begin battery production later this year through a planned joint-venture facility with annual capacity of 15 gigawatt-hours (GWh).
According to ChinaEVHome, the factory project is being developed by Shidai BAIC New Energy Technology, a joint venture involving CATL, BAIC, Jingneng and Xiaomi Auto. The production site is reportedly located near Xiaomi’s vehicle manufacturing facility in Yizhuang, Beijing.
The reports did not specify whether the plant will manufacture battery cells, modules or packs.
The latest move marks another expansion step for Xiaomi’s automotive business, which has rapidly grown since the launch of its first electric vehicle, the SU7 sedan.
In March, Xiaomi said its EV division posted EBIT profit exceeding 110 million euros for the 2025 financial year, less than two years after entering the automotive market.
For 2026, Xiaomi Auto has set a vehicle delivery target of 550,000 units. However, company data cited in the reports showed that by May 1, around one-fifth of that annual target had been achieved.
Xiaomi is also preparing additional vehicle launches, including the YU7 GT and SU7L, as it seeks to expand sales in China’s increasingly competitive EV market.
Source: chinaevhome.com, news.metal.com, autonews.gasgoo.com