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

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

Embattled Chinese property developer Evergrande Group 3333.HK is in talks with smartphone maker Xiaomi 1810.HK 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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