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Samsung and Xiaomi Forge EV Partnership Amid Trade Tensions

3/24/2025

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Summary

Story summary

Samsung Chairman Lee Jae-yong and Xiaomi CEO Lei Jun met in Beijing to explore collaboration in the electric vehicle sector.
Their meeting occurred during the China Development Forum, which gathered global tech leaders amid ongoing US-China trade tensions.
Xiaomi achieved 140,000 EV sales last year and set a new target of 350,000 units for 2025.
Samsung plans to enhance its automotive electronics division through partnerships with Xiaomi and Qualcomm.

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Story summary

Samsung Chairman Lee Jae-yong and Xiaomi CEO Lei Jun met in Beijing to explore collaboration in the electric vehicle sector.
Their meeting occurred during the China Development Forum, which gathered global tech leaders amid ongoing US-China trade tensions.
Xiaomi achieved 140,000 EV sales last year and set a new target of 350,000 units for 2025.
Samsung plans to enhance its automotive electronics division through partnerships with Xiaomi and Qualcomm.