Xiaomi acquires 12.5% ​​stake in QianGu Technology, a manufacturer of wire-controlled chassis

Hanxing Venture Capital Co., Ltd., a wholly-owned subsidiary of Xiaomi Technology Co., Ltd., has invested in Shanghai QianGu Automotive Technology Co., Ltd., holding a 12.5% ​​stake. QianGu Technology is a provider of wire-controlled chassis technology solutions, with a complete closed loop from R&D, production to vehicle application and mass production.