EVsTechNodeabout 2 hours ago
Xiaomi Invests 1.7 Billion in Sunwoda
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Xiaomi plans to invest RMB 1.7 billion in EV battery maker Sunwoda Mobility, acquiring a 5.34% stake through its subsidiary Sunwoda Electronic per an October 29 filing. This move deepens the automaker's battery supplier relationship and expands its automotive business while reducing its control over the battery division.
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