On May 17, 2024, Beijing Times Power Battery Co., Ltd. was established, mainly to carry out battery manufacturing business, Ningde Times, BAIC Sea Blue Core, Xiaomi Automobile, Jingneng Technology held 51%, 39%, 5% and 5%, respectively. After the establishment of the company, it will invest in the construction of a battery cell intelligent manufacturing plant in Beijing.

Two months ago, Beijing Xiaomi Zhizao Equity Investment Fund Partnership (Limited Partnership) held its first stake in HKUST Intelligent (Hefei) Technology Co., Ltd., contributing 5.556 million yuan to hold 10% of the shares. The company's business scope includes intelligent vehicle equipment manufacturing, auto parts and accessories manufacturing, new energy vehicle power exchange facilities and charging pile sales.

Xiaomi's frequent actions in the field of battery manufacturing are closely related to its electric vehicle business. On March 28, 2024, Xiaomi's first electric car was launched. Xiaomi Group's annual report shows that in 2023, Xiaomi Group's adjusted net profit increased by 126.3 year-on-year to 19.3 billion yuan. The adjusted net profit includes innovative business expenses such as smart electric vehicles of 6.7 billion yuan.

As a "latecomer" in the field of domestic electric vehicles, Xiaomi has been actively investing in the battery sector in the past two years.

According to the investigation, Hubei Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership), which holds about 16.7 percent of Xiaomi Technology's shares, has invested in many battery enterprises, including Honeycomb Energy Technology Co., Ltd., Beijing Weilan New Energy Technology Co., Ltd., Zhongchuang Xinhang Technology Group Co., Ltd., Jiangxi Ganfeng Lithium Technology Co., Ltd., Zhuhai Guanyu Battery Co., Ltd., etc, the business operations of the above-mentioned companies include the research and development, production and sales of lithium-ion batteries, battery management systems, energy storage batteries and related integrated products, the sales and operation of electric vehicle charging and swapping facilities, and the research and development, production and sales of photovoltaic energy storage systems.

In addition to lithium-ion batteries, Xiaomi also focuses on the field of sodium-ion batteries.

In the past two years, the legal person is Lei Jun's Beijing Shun for Capital Investment Consulting Co., Ltd. (hereinafter referred to as "Shun for capital") to invest in sodium ion battery enterprises.

On May 4, 2024, the company provided two consecutive rounds of financing support for Jiangsu Carbon Technology Co., Ltd. (hereinafter referred to as "Carbon Technology"). According to reports, hard carbon is the current sodium ion battery production and reduce costs of the key link, carbon technology's main business is the development of energy storage battery carbon materials. Shun said that the hard carbon negative electrode, carbon tube conductive agent, high specific capacity negative electrode and other products independently developed by carbon technology have broad application prospects in power batteries, energy storage batteries, consumer batteries and other fields.

On August 22, 2023, Shenzhen Jia Na Energy Technology Co., Ltd. (hereinafter referred to as "Jia Na Energy") announced the completion of the Pre-A round of financing, Shun for the capital continued to raise. According to reports, Jia Na Energy carries out research and development, manufacturing and sales of sodium ion battery systems, and has more than 50 invention patents.

The capital mentioned that sodium ion batteries have hundreds of billions of markets in the mobile end markets of electric bicycles, start-stop power supplies, low-speed vehicles, electric forklifts, A00/A0 class and other electric vehicles with a range of less than 300 kilometers, and are huge in the fixed end markets of communication backup power supplies, household energy storage, industrial and commercial energy storage, electric energy storage and scenery complementary energy storage.