Tesla rival Xiaomi raises $5.5 billion as it ramps up EV plans

China’s Xiaomi raised $5.5 billion in an upsized stock sale as the company moves to expand its burgeoning electric vehicle business, following BYD’s lead.Read more...

Mar 25, 2025 - 14:01
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Tesla rival Xiaomi raises $5.5 billion as it ramps up EV plans

China’s Xiaomi raised $5.5 billion in an upsized stock sale as the company moves to expand its burgeoning electric vehicle business, following BYD’s lead.

Read more...