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Following Li Auto, Xiaomi Makes Strategic Investment in Sunwoda EV Battery, Marking a Trend of Automakers Investing in Battery Suppliers
2 day ago /
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Author：小编
On October 29th, Sunwoda revealed that Xiaomi intends to invest 1.7 billion yuan to secure a 5.34% stake in its subsidiary, Sunwoda Electric Vehicle Battery. Prior to this, Li Auto had already made a capital infusion of 2.65 billion yuan, amassing an 11.17% stake. In September of this year, Xiaomi Auto established strategic alliances with CALB and Sunwoda Electric Vehicle Battery, with the trio poised to work together on achieving full industry chain synergy and jointly developing high-standard power batteries. Xiaomi Auto upholds the principle of 'full-chain engagement, full-chain accountability,' and has introduced the Xiaomi Dragon Scale Battery Assurance Program.
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