Category: China

Xiaomi denies as rumors swirl that it plans to acquire stake in Evergrande NEV

Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.

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Great Wall Motor to close European headquarters, report says

Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.

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