As the saying goes, if you can’t sign a supply agreement with ’em, buy a part of ’em.
That’s clearly not a saying, but that’s what Samsung Electronics Company just did with Chinese electric automaker BYD, handing over $440 million deal for a 1.9 percent stake in the company. According to Bloomberg, a Samsung subsidiary was turned down by China as an approved supplier of batteries to the automaker, so the electronics giant tried another door.
PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year.
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- JamesGarfield What charging network does the Polestar use?