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Geely Auto announced on May 29 it has signed an agreement with placing agents, pursuant to which the latter agreed to make their best efforts to have placees procure 600,000,000 placing shares at the price of HK$10.8 per share.
May 29 , 2020
Volkswagen Group agreed to purchase 50% stake in Anhui Jianghuai Automobile Group Holdings Limited, the company parent of Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors).
May 29 , 2020
Volkswagen Group China is about to acquire a 26.47% stake in Gotion High-Tech, China’s No.3 battery maker, becoming the latter’s biggest shareholder, according to an announcement released by Gotion High-Tech on May 28.
May 29 , 2020
StarRides, a premium ride-hailing service provider between Daimler Mobility AG and Geely Technology Group, established on May 21 a wholly-owned subsidiary in Xi’an, the capital of Shaanxi Province, according to Tianyancha.
May 27 , 2020
On May 26, Chinese Internet giant Baidu announced the completion of Apollo Park, which is purportedly the world’s biggest base for the application and testing of autonomous vehicles and intelligent vehicle infrastructure cooperative System (IVICS).
May 27 , 2020
BYD announced on May 26 the introduction of strategic investors of BYD Semiconductor, a subsidiary of BYD, another significant progress in seeking for an independent listing after the semiconductor unit’s internal restructuring.
May 27 , 2020