Xiaomi Invests 1.7 Billion in Sunwoda

Xiaomi invests RMB 1.7 billion in EV battery maker Sunwoda, acquiring a 5.34% stake via Sunwoda Electronic. This move reduces Xiaomi's control over the battery division while Sunwoda's net profit is projected to rise from 3.2 billion to 4.5 billion yuan in 2026.