China Evergrande EV unit to issue fresh shares in restructuring plan

[ad_1] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Aug 14 (Reuters) – Embattled property…

Nikola shares dive 14%, electric truck maker names 4th CEO in 4 years

[ad_1] [1/2]Stephen Girsky, Managing Partner for VectolQ, speaks during a Reuters Newsmaker event on the Future of Autonomous Vehicles in New York City, U.S. June 20, 2017. REUTERS/Brendan McDermid/File photo…

Italy’s Brembo wary of getting dragged into Pirelli’s China dispute

[ad_1] MILAN, June 21 (Reuters) – Pirelli (PIRC.MI) investor Brembo (BRBI.MI) is worried about strains between the tyremaker’s Italian and Chinese shareholders and is likely to steer clear of any…

Intel spends $33 billion in Germany in landmark expansion

[ad_1] Move marks biggest foreign investment in Germany in history Intel to get 10 bln euros in subsidies from Germany – source Move highlights Berlin’s efforts to attract foreign investment…

US can’t yet compete with China on EVs, Ford chairman tells CNN

[ad_1] June 18 (Reuters) – Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles.…

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…

GM, Samsung SDI plan to build new US battery plant -sources

[ad_1] WASHINGTON, April 24 (Reuters) – General Motors Co (GM.N) and Samsung SDI (006400.KS) are expected to announce as early as Tuesday that they plan to build a new joint-venture…

Exclusive: General Motors moves deeper into mining with EnergyX lithium investment

[ad_1] April 11 (Reuters) – General Motors Co (GM.N) on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest…

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…

Exclusive: Vietnam’s Vincom Retail in stake sale talks with strategic investors – sources

[ad_1] SINGAPORE/HANOI, March 29 (Reuters) – Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic…