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Xiaomi Invests in Battery Swapping Startup Despite No Compatible Cars

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Sig1.85Sen+1.10Env0.00Soc0.00Gov0.00

Xiaomi’s subsidiary Hanxing Venture Capital invested 30 million yuan ($4.4 million) in Zhejiang Xinglixing New Energy Technology, backing an operator that runs battery-swap service locations. Despite the move, Xiaomi has three product lines and currently no swap-capable vehicles, even as China’s battery swapping push intensifies and infrastructure increasingly shapes EV adoption.

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