Xiaomi

Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital.

With this round, KreditBee’s parent company Finnov has cut down the shareholding of its existing Chinese backers from 40% to 10%.

Huawei and ByteDance also filed lawsuits against the US government.

Xiaomi is the world’s third largest smartphone vendor.

Robust orders come as smartphone industry faces severe parts shortages.

Smartphone maker sees opportunity to grow in neighboring market.

Honor aims to be number one in the Chinese smartphone market, according to CEO Zhao Ming.

Huawei and Honor are absent from the list of early adopters of the chip.