Daimler to Invest in Farasis Energy's Planned IPO -Reuters
May 26 2020 - 3:11AM
Dow Jones News
--Daimler AG is planning to invest in Farasis Energy's potential
$480 million initial public offering, Reuters reports, citing three
people familiar with the matter.
--The automotive company is aiming to secure a steady supply of
batteries from the Chinese firm as it seeks to boost electric
vehicle production, according the Reuters.
--A spokesman for Daimler declined to comment when approached by
Dow Jones.
Full story: https://reut.rs/36zfRh4
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(END) Dow Jones Newswires
May 26, 2020 02:56 ET (06:56 GMT)
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