Exclusive: Chinese smartphone maker Xiaomi to make EVs using Great Wall's plant - sources

By Julie Zhu and Yilei Sun HONG KONG/BEIJING (Reuters) – China’s Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race. The tech firm’s stock price was up more than 9% in afternoon Friday trade after Reuters reported the plan. Great Wall’s Hong Kong stock rose more than 15% and its Shanghai shares gained by their maximum 10% daily limit. Xiaomi, one of the world’s biggest smartphone makers, is in talks to use one of Great Wall’s plants in Ch…

Read More

HEDGE accordingly