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Xiaomi to invest $253 million for 5.34% stake in Sunwoda EV Battery, deepening battery ties
Xiaomi plans to invest about $253 million for a 5.34% stake in Sunwoda EVB, becoming its third-largest shareholder. The deal, which follows Li Auto's earlier move, will see Sunwoda lose control of the subsidiary and scrap its Hong Kong listing plan.
Priya Sharma