It has been nearly three years since Xiaomi officially announced its car-making in 2021. However, supply chain companies have rarely exposed this business, which is a "bet" on Lei Jun's lifelong reputation, especially its car-making qualifications have always been a mystery. Companies in the A-share automotive industry chain have also been secretive before, often refusing to disclose on the grounds of "commercial confidentiality," making Xiaomi Motors' suppliers even more mysterious.
On November 15, two cars owned by Xiaomi were officially listed in the 377th batch of the Ministry of Industry and Information Technology's "Announcement of Road Motor Vehicle Manufacturers and Products". Many core component suppliers including power batteries, ABS, engines, etc. were exposed, and issues with Xiaomi Motors' car manufacturing qualifications also surfaced.
Really hit 5 suppliers and led to 8 A-share concept stocks
On November 15, the Ministry of Industry and Information Technology's 377th batch of "Road Motor Vehicle Manufacturers and Product Announcements" list showed that Xiaomi Motors has two models on the list, namely the SU7 Max pure electric sedan with product model BJ7000MBEVA1 and the SU7 pure electric sedan with product model BJ7000MBEVR2.
The "company names" of both models are:BAIC Motor Off-Road Vehicle Co., Ltd., the product trademark is: Xiaomi brand, and the production address is located at No. 21 Huanjing Road, Beijing Economic and Technological Development Zone, Beijing. According to the address information, the car's manufacturing unit is Xiaomi Motors' car factory currently under construction, but the car-making qualifications are "borrowed" from BAIC Group, which also means that Xiaomi Motors has not yet obtained car-making qualifications. At the same time, BAIC Motor Off-Road Vehicle Co., Ltd. and A-share listed companiesBAIC Blue ValleyBoth are controlled by Beijing Automotive Group Co., Ltd. and are related concept stocks.
Among them, the SU7Max pure electric sedan has dimensions of 4997×1963×1440mm, a total mass of 2655kg, a maximum speed of 265km/h, and a rated passenger capacity of 5 people.
The car uses ternary lithium batteries, and the battery cells and assemblies are both made byCATL New Energy Technology Co., Ltd.Provided; ABS isBosch Automotive Components (Suzhou) Co., Ltd.ESP10; the peak power of the drive motor is 220kW/275kW (models: YS210XY102, TZ220XY102), both made bySuzhou Inovance United Power Systems Co., Ltd.Provided, the inquiry shows that the supplier is an A-share listed companyInovance Technologyof holding subsidiaries.
Another SU7 pure electric sedan has dimensions of 4997×1963×1455mm, a total mass of 2430kg, a top speed of 210km/h, and a rated passenger capacity of 5 people.
The car uses lithium iron phosphate batteries, and the battery cells are manufactured by A-share listed companies.BYDowned byXiangyang Fudi Battery Co., Ltd.Provided, the battery pack assembly is self-developed by Xiaomi Auto; ABS isBosch Automotive Components (Suzhou) Co., Ltd.ESP10; the peak power of the drive motor is 220kW, the model is TZ220XS000, and it is owned by Bosch.United Automotive Electronics Co., Ltd.Provided, A-share companyLongsheng TechnologyIt is the company’s motor core product supplier. The company’s controlling shareholder, China United Automotive Electronics Co., Ltd., is also an A-share company.Weifu Hi-Techthe second largest shareholder.
In addition, the SU7Max option plan shows that the car does not have lidar, while SU7 supports lidar. Although Xiaomi Motors has not disclosed its lidar supplier,Hesai Technology(listed on NASDAQ) andSagitar Juchuang(Hong Kong stock IPO) The two leading lidar companies are both joint-stock companies of Xiaomi. According to the supply chain security requirements of the OEM, both companies are expected to be Xiaomi automotive lidar suppliers. In addition to lidar,Continental Core Intelligent Driving, Geometry PartnerThe two unlisted companies are also Xiaomi's core suppliers in the intelligent driving field.
In addition, Xiaomi's two cars are also equipped with an automotive event data recording system (EDR) and support optional ETC vehicle-mounted devices. Among them, EDR’s domestic A-share concept stocks include companies such as Hongquan IoT, Qiming Information, Joyson Electronics, Ruiming Technology, Guanghong Technology, Derun Electronics, Meiya Pico, Xiechuang Data, National Technology, and Venustech. However, who is supporting Xiaomi Motors has not yet been confirmed. However,Joyson ElectronicsIt was previously disclosed that it has related business cooperation with Xiaomi Motors.
A-share concept stocks of ETC equipment suppliers mainly include Wanji Technology, Qianfang Technology, Jinyi Technology, Juli Technology, etc., among whichWanji TechnologyIt has said that it will expand new customers such as Xiaomi Automobile.
It is worth noting that Zhongxin Aviation, which was previously rumored to replace BYD as the primary supplier of power batteries for Xiaomi cars, did not appear on the list of power battery suppliers for Xiaomi cars this time.
Judging from the information disclosed on November 15, this time, 5 Xiaomi automobile supply chain companies (excluding Xiaomi's self-developed) have been targeted, and 8 A-share related listed companies including BAIC Blue Valley, CATL, Inovance Technology, BYD, Longsheng Technology, Weifu High-tech, Joyson Electronics, and Vanji Technology have been involved.
More than 46 A-share suppliers have been exposed one after another
As Xiaomi "self-revealed" its supply chain, many A-share listed companies have also followed up to disclose the current progress of cooperation with Xiaomi. According to incomplete statistics, among current A-share listed companies, more than 46 companies have become Xiaomi automobile suppliers.
Specifically include: Harbin Institute of Technology, Eston, FAW Fuwei, Lens Technology, BYD, CATL, Aolian Electronics, Joyson Electronics, Yachuang Electronics, Sanan Optoelectronics, Guangting Information, Bojun Technology, Ruihu Mold, Kaizhong Co., Ltd., Sanlian Forging, BAIC Blue Valley, Huichuan Technology, Longsheng Technology, Weifu Hi-Tech, Xiangxin Technology, Lianchai Technology, Wanxiang Qianchao, Huayu Automobile, Tiancai Tianyu, Demax, Penngling Co., Ltd., Molding Technology, Aotejia, Aerospace Intelligent Manufacturing, Yinlun Co., Ltd., Shangluo Electronics, Hitech, Xingyuan Zhuomai, Electrical Alloys, Jinyang Co., Ltd., Zhewen Internet, Xinte Standard, Shuanglin Co., Ltd., Zhongke Chuangda, Huayang Group, Lianchuang Electronics, Precision Forging Technology, OFILM, Fuao Co., Ltd., Changshu Automotive Decoration, Ford Technology (in the process of GEM IPO) and other companies.
Xiaomi Motors A-share Concept Stock Incomplete Statistics Supplier
The above-mentioned companies supply a wide range of products, ranging from industrial robots and other production equipment to seats, dashboards, lights, interiors, precision structural parts, chassis suspensions, drive motors, power batteries and other auto parts. Some companies also indirectly supply Xiaomi Motors, especially components and other fields, such as Bojun Technology, Shangluo Electronics, Electrical Alloys, Shuanglin Co., Ltd., Yachuang Electronics, etc. are all indirect suppliers.
In addition, Jinyang Co., Ltd. is a joint-stock company of Xiaomi, and the precision structural parts of prismatic batteries provided by it may be integrated with the power batteries provided by BYD.
Xiaomi Motors’ A-share concept shares have not yet been confirmed and have not yet been shortlisted as suppliers
In addition to real companies, there are some companies that have been in contact with Xiaomi Auto before, but whether they have entered Xiaomi Auto's supply chain has not yet been confirmed by the manufacturer. These companies include: Sanhua Intelligent Control, Meili Technology, Derun Electronics, Vanji Technology, Zhiyun Co., Ltd., China Ceramics Electronics, Baowu Magnesium Industry, Yinbang Co., Ltd., Crystal Optoelectronics, Yuhuan CNC, Huafeng Aluminum, Yihua Co., Ltd., Tianqi Co., Ltd., Jiejie Microelectronics, Quanfeng Automobile, Songyuan Co., Ltd., etc.
In fact, there are far more A-share supply chain companies that have contact with Xiaomi Motors. Some companies have confirmed that they have not yet entered Xiaomi Automobile's supply chain, such as Foton Motor, Zotye Motors, Lifan Technology, Haima Motor, Dongfeng Motor, Zhejiang Shibao, Chipsea Technology, BiE, Del Co., Ltd., Hongli Zhihui, Chuanyi Technology, Chuangyitong, Axiata Seiko, etc. All have denied supplying Xiaomi Motors, especially the rumored OEM manufacturing partners, all of which have confirmed that the previous rumors are false news.
In addition, other automobile industry chain companies that Xiaomi has strategically invested in are also expected to become Xiaomi's suppliers. The list is as follows:
As can be seen from the table above, Xiaomi Motors has strategically invested in industry chain companies covering semiconductor companies such as MCUs, autonomous driving chips, in-vehicle communication chips, and SiC; smart driving and smart cockpit product and solution providers such as lidar, smart driving solutions, and Internet of Vehicles; battery industry chain companies such as power batteries, lithium materials, and battery recycling; and companies related to the automotive industry chain such as chassis systems, optical components, and vehicle manufacturers.