China Evergrande in talks with Xiaomi consortium to sell EV unit stake

China Evergrande in talks with Xiaomi consortium to sell EV unit stake

Reuters

Embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle (EV) unit, three sources said.

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