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Thread: VW just secured 20% of a mammoth Chinese battery company

  1. 17-01-2020, 11:43 AM #1
    Zak33
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    VW just secured 20% of a mammoth Chinese battery company

    https://uk.reuters.com/article/uk-gu...-idUKKBN1ZG0EL

    They've been cacking their tuetonic pants for ages, knowing they owned nearly no battery ability.

    Quote Originally Posted by Reuters
    After the stake purchase, Volkswagen will become the battery maker’s second-largest shareholder with a 20% stake, behind Zhuhai Guoxuan Trading Ltd, a firm controlled by Guoxuan’s founder Li Zhen, which currently holds 25%.

    Shares in Guoxuan surged by their maximum 10% on the news on Friday to trade at their highest level since March last year.

    Volkswagen declined to comment.

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  2. 17-01-2020, 01:37 PM #2
    TeePee
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    Re: VW just secured 20% of a mammoth Chinese battery company

    At this point I doubt anything can stop TSLA's tulip mania...
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  3. 31-01-2020, 12:01 PM #3
    Saracen999
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    Re: VW just secured 20% of a mammoth Chinese battery company

    Aston look secure for now, having apparently raised £500m in new eauity finance.
    A lesson learned from PeterB about dignity in adversity, so Peter, In Memorium, "Onwards and Upwards".
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  4. 31-01-2020, 01:16 PM #4
    Ttaskmaster
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    Re: VW just secured 20% of a mammoth Chinese battery company

    Still not buying an EV, untill they make one I actually like, though...!!
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    like a chihuahua urinating on a towering inferno...
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