For once, a Chinese company plans a US IPO with an old-fashioned business model that any investor can understand – auto rentals. (continue reading…)
Tag: automotive
China Auto Rental IPO hits the road
Chinese car market stalls
Could electric vehicles help recharge China’s sluggish car market? BYD hopes so as it announces Denza, the new marque for electric vehicles produced by its 50:50 JV with Germany’s Mercedes-Benz.
BYD is making a lot of noise about its electric vehicles and clearly hopes a prestigious western partner will win Chinese buyers over to EVs. (continue reading…)