Xiaomi Auto Signs with 8 German Dealers, Plans Tests in Four European Countries
Xiaomi Group partner and president Lu Weibing announced on Weibo that Xiaomi Auto has signed agreements with eight leading German dealers at the IFA Berlin trade show. The company will expand overseas, conducting high-speed and functional tests at seven venues, including the Arjeplog winter testing base and the Nürburgring, across Sweden, Germany, Spain, and Italy.
Lu Weibing, partner and president of Xiaomi Group, revealed on Weibo that Xiaomi Auto has completed contract signings with eight top-tier German dealers, with the ceremony held at the IFA Berlin consumer electronics show. The automaker is set to go global, subsequently conducting high-speed validation and functional tests at seven testing venues, including the Arjeplog winter testing base and the Nürburgring, across Sweden, Germany, Spain, and Italy.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for New Energy Vehicles, with intensity 50/100 and 70% confidence over a medium term horizon.
New Energy Vehicles
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Automotive Services
- Direction
- positive
- Intensity
- 40
- Confidence
- 65%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.