NIO Inc. (NIO) 30-DAY option IV flat into quarter results and outlook

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Go back to NIO Inc. (NIO) 30-DAY option IV flat into quarter results and outlook

Saudi PIF in discussions to invest in Chinese EV brand

November 7, 2023 9:08 AM EST

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

A move supporting the kingdoms initiative to establish a local automotive sector.

The sources disclosed that the Public Investment Fund (PIF) might secure a stake in the Shanghai-based company at a valuation of $3 billion. They added that while an agreement could potentially be reached within the... More