u qag1185

Joined September 2022

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Buy half a billion yuan and sell it for 14 million yuan, Evergrande sells its motor company
British motor maker Saietta said it would buy e-Traction, an electric transmission company, from a subsidiary of Evergrande in a deal worth 2 million euros (14.62 million yuan), according to media reports. Saietta said the acquisition of e-Traction, a Dutch company owned by Evergrande New Energy vehicles, would inject new commercial capacity into the company and add a built production facility to further strengthen its business, according to Reuters. E-Traction also produces high-voltage power electronics for heavy trucks and buses. In addition, Saietta revealed that Evergrande had waived about 21.2 million euros in loans to e-Traction as part of the deal.
By u qag11853 years ago in Wheel
According to media reports, automakers
Scotland. However, only six carmakers have signed the agreement. According to the statement, Volvo, Ford, GM, Mercedes-Benz, BYD and Jaguar Land Rover will sign the commitment at the climate conference in Glasgow, while automakers such as BMW, Honda, Hyundai, Nissan, Stellantis, Toyota and Volkswagen will not agree to sign the commitment.
By u qag11853 years ago in Wheel