On February 1, the UK's Financial Times, citing individuals with insider knowledge, reported that Ford Motor Company had been engaged in discussions with Xiaomi regarding the formation of a joint venture aimed at producing electric vehicles in the United States. In a swift response, representatives from both Ford and Xiaomi categorically denied the accuracy of these claims, labeling them as unfounded. Xiaomi clarified that it does not currently offer any products or services in the U.S. market and further emphasized that it has not participated in any negotiations concerning the alleged joint venture.
