Search Results for:Norihiko Shirouzu

Japan’s Itochu to buy stake in Chinese EV startup Singulato

Although Itochu’s stake will be small, the deal should create opportunities for Singulato, in which Intel Corp also already has a small stake.


Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China

Their JV is likely to build vehicles for ride-hailing giant Didi Chuxing and possibly Chinese electric car startup Singulato Motors.


Chinese battery maker CATL turns latest investor in EV startup Byton

The battery producer is a “sizable investor” to join Byton’s $500 million Series B round of funding.


Geely, Tencent to buy 49% stake in China Railway unit

The deal seeks to create a three-way joint venture to provide a platform for WiFi access to train users


China’s FAW to invest $260m in EV startup Byton’s Series B round

Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.


Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars

Volkswagen will also jointly buy some new cars with Didi to allow the Chinese company to expand its fleet.


China’s Didi exploring collaboration with automakers for ‘purpose-built’ cars

Didi says it wants to establish “open platforms” whereby it could share its customer and operational skills with automakers or parts suppliers.


China’s state-owned FAW Group to invest in electric vehicle startup Byton

Byton is interested in gaining access to FAW’s supply chains for automotive components such as EV batteries.


China’s Geely said to have bought stake in Germany’s Daimler

The size of the stake remains unclear but is likely to be below 3%.


Daimler turns down China’s Geely offer to buy stake; Geely still hopeful

A stake of that size would be worth $4.5 billion at current market prices.