Smartphone giant Xiaomi's ambitions to launch a car brand may get a jumpstart via the acquisition of a stake in the Chinese company that owns NEVS, the Swedish electric-vehicle startup born out of the remains of Saab. NEVS is owned by Evergrande Group, a conglomerate that has amassed huge debts from its main real estate business and is looking to...
from Motor Authority https://ift.tt/3mxP3ry
Wednesday, August 25, 2021
Xiaomi reportedly in talks with Evergrande over purchase of car unit that includes NEVS
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