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Reuters: EXCLUSIVE China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources

Thu August, 2021, Age: 2 years

Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms to sell part of a 65% stake in its electric vehicle unit. The potential deal would give Xiaomi EV production facilities to push forward its auto business.


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