In a recent report, analysts at Haitong International presented “five big conjectures for 2025”, one of which suggests that Xiaomi (HKG: 1810, OTCMKTS: XIACY) may acquire Nio (NYSE: NIO). The analysts highlighted the potential for Nio’s battery swapping network to expand and even lead other automakers to adopt this model. This speculation has sparked discussions and garnered attention in the media.
The research note, dated January 14, emphasized the analysts’ insights into technology, regulation, and competition. It outlined various scenarios, including X acquiring companies like TikTok and Truth Social for relisting, as well as alliances forming in the tech industry to shake up established landscapes. The mention of Xiaomi acquiring Nio caught the eye of many industry observers.
Following the circulation of the report, a Nio executive responded, clarifying that the analysts had acknowledged the value of Nio’s brand and its innovative battery swap model. The executive noted that the company has made significant strides in expanding its battery swap network across China, positively impacting sales.
Meanwhile, Wang Hua, general manager of Xiaomi Group’s public relations department, offered a diplomatic response to the conjecture. He humorously listed different versions of potential responses to such speculations, indicating a non-committal stance on the matter.
This speculation comes after previous rumors in November about BYD acquiring Nio, which both companies later denied. The buzz around potential acquisitions and strategic moves in the EV industry continues to generate interest and debate.
Overall, while the conjecture of Xiaomi acquiring Nio remains speculative, it underscores the evolving dynamics and potential developments in the electric vehicle sector. As companies explore new partnerships and business models, the industry is poised for continued growth and innovation.
