20
May
06:56
US-based iAuto to help rescue China's HiPhi
Delaware-registered automotive platform iAuto Group will support Chinese high-end intelligent electric vehicle company HiPhi out of bankruptcy, Kallanish reports.
The US company said in a recent press release in Hong Kong that it signed a comprehensive strategic cooperation agreement with HiPhi’s owner Human Resources on 10 May.
The statement says iAuto has secured funds from institutional investors and plans to invest up to $1 billion as the first-round …
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