Reported 4 days ago
Xiaomi Corp has successfully raised $5.5 billion in a share sale to further its electric vehicle manufacturing ambitions. The company sold 800 million shares at HK$53.25 each, amid a surge of nearly 150% in its share price over six months due to strong investor interest. This funding will support business expansion, research, and technology development, as Xiaomi aims to significantly increase its electric vehicle production and delivery targets.
Source: YAHOO