27
Sep
04:49
Ganfeng Lithium to invest in Chongqing Ruichi Motor
Ganfeng Lithium announced it plans to invest CNY 1 billion in cash in Chongqing Ruichi Motor, a second-tier wholly-owned subsidiary of Chinese commercial electric automaker Seres, Kallanish learns.
According to an investment agreement signed by Ganfeng and Ruichi’s parent company Dongfeng Sokon Auto, Ganfeng Lithium or its designated third party will hold a 33.33% stake in Ruichi after the transaction is complete. Dongfeng Sokon will hold a 66.67% stake.&nbs…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous