German battery maker Varta is in talks with luxury sportscar maker Porsche about a potential investment that could see the carmaker take a stake in the company. Varta is currently exploring two restructuring scenarios that …
Continue readingTag: Automotive
Biden Gives $1.1 Billion to GM, Stellantis for EV Production
The Biden administration announced plans to award nearly $1.1 billion in grants to General Motors and Stellantis, the parent company of Chrysler, to convert existing plants for electric vehicle (EV) production and components. These grants …
Continue readingBYD Acquires 20% Stake in Thai Dealer Rever Automotive, Deepening EV Market Presence
BYD Deepens Thailand Market Presence with Rever Automotive Acquisition Shenzhen-based automaker BYD has acquired a 20% stake in its Thai distributor, Rever Automotive, solidifying its position in the country’s rapidly growing electric vehicle (EV) market. …
Continue reading