Ford, Xiaomi has explored joint venture to produce EVs in US, report says

  • Ford has also held talks with BYD and other Chinese automakers about potential US collaborations, according to the Financial Times.
  • Ford CEO Jim Farley is a supporter of Xiaomi EVs, having flown a Xiaomi SU7 from Shanghai to Chicago.
A Xiaomi SU7 displayed at the Shanghai auto show in April 2025.
(A Xiaomi SU7 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost)

US auto giant Ford has reportedly held talks with Xiaomi (HKG: 1810, OTCMKTS: XIACY) about the possibility of bringing the latter's electric vehicles (EVs) to the US, as the Chinese tech giant's vehicles gain global attention.

Ford has held talks with Xiaomi about EV collaboration, a move that could pave the way for Chinese automakers to gain a foothold in the US, the Financial Times reported on Sunday, citing four people familiar with the matter.

While discussions remain preliminary, Ford has explored the possibility of forming a joint venture with Xiaomi to produce EVs in the US, the people said.

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Ford has also held talks with BYD (HKG: 1211, OTCMKTS: BYDDY) and other Chinese automakers regarding potential US collaborations, according to the Financial Times.

Ford said: "This story is completely false. There is no truth to it." Xiaomi did not respond to a request for comment. BYD declined to comment, according to the Financial Times.

Xiaomi officially announced its entry into the automotive industry on March 30, 2021, and launched its first model, the SU7, on March 28, 2024 — a competitor to Tesla's (NASDAQ: TSLA) Model 3.

As a latecomer to China's EV sector, Xiaomi has seen remarkable growth over the past two years, delivering 135,000 vehicles in 2024 — the year its first model was launched.

Throughout 2025, Xiaomi delivered 411,837 vehicles, according to data compiled by CnEVPost. It aims to deliver 550,000 vehicles in 2026.

Xiaomi EV monthly deliveries
2024 2025

Ford CEO Jim Farley is a devoted fan of Xiaomi EVs, while Nvidia CEO Jensen Huang has also expressed admiration for Xiaomi's vehicles.

In October 2024, Farley said on The Fully Charged Podcast that he had flown a Xiaomi SU7 from Shanghai to Chicago and still loved it after six months of driving.

In July 2025, Nvidia's Huang said after attending the opening ceremony of China's third International Supply Chain Expo that he was eager to purchase a Xiaomi vehicle.

Over the past five years, China's EVs have been one of the most surprising developments in the world, Huang said at the time.

However, entering the US market is challenging. The US government imposed 100% tariffs on imported Chinese vehicles starting in 2024, effectively blocking Chinese automakers.

A potential Ford-Xiaomi partnership could spark controversy in Washington.

John Moolenaar, the Republican chair of the House China committee, told the Financial Times that Ford's move “would be turning its back on American and allied partners, and it will make our country further dependent on China.”

(Such a deal would be controversial in Washington. John Moolenaar, the Republican chair of the House China committee, told the FT that Ford would "be turning its back on American and allied partners, and it will make our country further dependent on China."

The updated SU7 comes in single-motor and dual-motor variants, with the single-motor version delivering a peak power output of 235 kW (315 horsepower).
Jan 8, 2026
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