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China

Xiaomi invests in CATL’s joint venture KBVIP

According to multiple media sources, Hanxing Venture Capital Co., Ltd., a subsidiary of the Xiaomi Group, has invested in Shanghai Kuaibu New Energy Technology Co., Ltd. (KBVIP), becoming its third largest shareholder. KBVIP is a joint venture between Contemporary Amperex Technology Co., Ltd. (CATL) and Fujian Baiche....

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