Alibaba in the race to rescue failed chip firm Unigroup
Tsinghua Unigroup, one of the biggest chip-makers, was forced into bankruptcy after accumulating debts of at least 100 billion yuan ($15.3 billion).
Source: lightreading.com
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SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China
SK Innovation Inks Joint Venture Deal to Run Another EV Battery Plant in China Posted on This photo, provided by SK Innovation Co., shows officials from SK Innovation, Beijing Automotive Group and Beijing Electronics at the completion ceremony for their EV battery cell manufacturing joint venture BEST in Changzhou, China, on Dec. 5, 2019. SEOUL, Dec. 14 (Korea Bizwire) — SK Innovation Co. has invested in an electric vehicle (EV) battery plant in China in the latest move to boost its production capacity amid growing demand for zero-emission cars in the world’s largest auto market, people ...
Source: koreabizwire.com