- Diagram of paragraph 2:

China's Xiaomi
(5th largest smartphone maker)

↓
Venturing into EV market
- Launching SU7 sedan
- Deliveries starting this month
- 59 stores in 29 cities for orders
- Launch event on March 28

↓
Shares rallied 7% during morning trade

↓
China's EV market
- Sales up 18% in Jan-Feb
- Price war ongoing
- Deeper price cuts by BYD

↓
Xiaomi's ambitions
- Plans to be top 5 automaker
- SU7 with "super electric motor" technology

↓
Appeal to existing customers
- Shared operating system with phones
- Produced by BAIC Group
- Factory capacity: 200,000 vehicles/year

↓
Investment pledge
- $10 billion over a decade
- Approved by authorities despite supply glut
 - From diagram of paragraph 1, make a paragraph:

Initially, the US investment group Elliott initiated a bid to acquire Currys, a retailer of
electrical goods. Despite multiple attempts by Elliott to engage with the Currys board, all
efforts were rebuffed, indicating a lack of interest in the acquisition from Currys' side.

Elliott proceeded with two significant bids: first, a £700 million offer at 62p per share,
followed by a £742 million bid at 67p per share. Both bids were unanimously rejected by the
Currys board, which believed they significantly undervalued the company and its future
prospects.

Amidst Elliott's failed attempts, JD.com, a Chinese e-commerce company, expressed

interest in potentially acquiring Currys, sparking speculation of a bidding war. This
development caused Currys' shares to rise significantly.

However, in light of the rejection of its bids and the potential competition from JD.com, Elliott
decided to walk away from further pursuit of Currys. This decision led to a 10% decline in
Currys' shares and placed restrictions on Elliott's ability to revise its offer for Currys for at
least six months under UK takeover rules.

Analysts suggested that to engage Currys' board, any future offer would need to exceed 80p
per share. This recommendation indicates the level of valuation expected to garner serious
consideration from Currys' management.