NIO Inc. (NIO) Announces Closing of Strategic Equity Investment from CYVN
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Audi in talks to acquire SAIC's EV platform
July 12, 2023 9:50 AM EDTAccording to reports by Reuters Wednesday, citing people familiar with the matter, Germany's Audi is in talks with SAIC Motor Corpt to purchase an electric vehicle platform.
The decision highlights the intense competition in the world's largest auto market as legacy and Western brands grapple with the rising demand for EVs. With Audi's EV sales significantly lagging behind Tesla and domestic competitors... More
