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Xiaomi to invest RMB 1.7 billion in EV battery maker Sunwoda Mobility

Xiaomi plans to invest RMB 1.7 billion in Sunwoda Mobility, acquiring a 5.34% stake in the electric vehicle battery maker through its wholly owned investment subsidiary, according to an October 29 filing by parent company Sunwoda Electronic. The transaction will involve subscribing for newly issued capital. Following the investment and a planned board reshuffle, Sunwoda […]

By TechNode

1 min read
Xiaomi to invest RMB 1.7 billion in EV battery maker Sunwoda Mobility
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