Reuters first to report China Evergrande in talks with Xiaomi consortium to sell EV unit stake - Reuters News Agency
Automotive

Reuters first to report China Evergrande in talks with Xiaomi consortium to sell EV unit stake

Reuters was first to report that embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle unit. China’s central bank, banking and insurance regulator summoned executives of Evergrande to a meeting last week and issued a rare warning that the company ought to reduce its debt risks and prioritize stability. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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