Category: Deals

Kaixin Auto plans to acquire WM Motor as financially troubled EV maker drops plan for backdoor listing in HK

Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.

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Chinese battery maker Gotion acquires 25% stake in European firm InoBat

The deal is the first major investment in a European startup by a top Chinese global battery maker, with an initial focus on Central and Eastern Europe as well as Morocco.

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BYD’s electronics unit to buy US firm Jabil’s electronics making business in China for $2.2 billion

The acquisition will expand BYD Electronic's customer base and product boundaries and broaden its smartphone components business, BYD said.

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Mona to be start of more brands for Xpeng, annual sales expected to be at least 100,000 units, says CEO

The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.

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