e company news, Wanxiang Qianchao (000559) said on the interactive platform that as of now, the company does not have a stake in Xiaomi Automobile and there is no motion to sign a strategic cooperation with Xiaomi Automobile. The company's existing auto parts such as constant speed drive shafts, wheel hub units, brake systems, etc. are suitable for both traditional fuel vehicles and most new energy vehicles. The company now provides auto parts for new energy vehicles such as BYD, GAC, BAIC, Xiaopeng and Ideal.
![The number of shareholders of Wanxiang Qianchao fell by 2.99%, and the average household held 161,500 yuan[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)