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Samsung & Xiaomi executives meet for a potential electric car deal

News Snapshot:

Many people know Samsung and Xiaomi primarily for their smartphones and tablets. However, both companies are huge conglomerates with a presence in multiple segments of the technology industry—especially Samsung. Xiaomi recently launched into the electric vehicle (EV) market with great success. Now, Xiaomi is reportedly in talks with Samsung to collaborate on the development of electric cars. Samsung and Xiaomi could work together in the electric car segment Jay Y. Lee, Samsung Electronics Chairman, and Lei Jun, Xiaomi CEO, held a meeting in Beijing, according to South Korean outlets. The meeting reportedly focused on working together to further grow the…

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