--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

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 26, 2020 02:56 ET (06:56 GMT)

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