While Volkswagen caught most attention at the end of May with news of its €1.1 billion investment in Chinese Guoxuan High Tech Co. (also known as Gotion) it was reported that Daimler is considering an investment in Chinese-American battery manufacturer Farasis Energy (Farasis).
Farasis initially announced at the start of Q2 2020 that it was preparing for an initial public offering (IPO) in the Shanghai Stock Exchange to raise RMB 3.4bn ($480m), which would value the company at RMB 30bn ($4.2bn).
Daimler’s reported interest in the tier 2 battery manufacturer would mark further OEM involvement . . .
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