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

by DailyBriefers
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Automotive

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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