What's more, Samsung Electro Mechanics will be supplying the dual-camera modules to both smartphone makers in July, sources told the publication.
"Samsung Electro Mechanics will offer a true dual camera to the market in the second half of 2016," a Samsung spokesperson said in a statement. "However, we cannot confirm to which handset vendors, at this time."
A Xiaomi spokesperson declined to comment.
Besides Xiaomi and LeEco, fourth-largest smartphone vendor Oppo may also be another candidate shopping for dual-camera modules from Samsung. Given that Oppo phones, , take a camera-centric focus, it would make sense.