Tesla rival opens in China

Shanghai company could raise over $1 billion
Photo: Steve Jurvetson

The Wall Street Journal reports that a Tesla rival company has opened in China and launched a U.S. stock sale with the potential to raise up to $1.32 billion. The Shanghai-headquartered company had an initial public offering of 160 million American depositary receipts. Read the full story here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here