Germany air taxi firm Lilium plans to raise $250 million, shares jump

[ad_1] May 2 (Reuters) – Germany’s Lilium NV (5KD.F) said on Tuesday it would raise up to $250 million, including from its largest shareholder Tencent Holdings (0700.HK), to fund the…

Berkshire Hathaway sells $68.8 mln worth of shares in China’s BYD

[ad_1] HONG KONG, April 11 (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.48 million Hong Kong-listed shares of electric vehicle maker BYD (002594.SZ) for…

Tesla to build Shanghai factory to make Megapack batteries

[ad_1] SHANGHAI, April 9 (Reuters) – Tesla Inc (TSLA.O) is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack…

BMW bets on design and recycling, not mining, to lower battery costs

[ad_1] BMW not planning to take stakes in mines Building EVs spurs investment in recycling – CFO First quarter on track to hit annual margin target of 8-10% BERLIN, March…