US/China: Smith, Wanxiang, sign L.o.I. on e-buses, CVs

Smith Electric Vehicles and the Chinese Tier 1 automotive supplier Wanxiang Group have signed a letter of intent in Los Angeles during a US-China Economic and Trade Cooperation Forum, whereby the latter will invest US$25m in Smith’s equity and up to US$75m in a joint venture to develop, manufacture and Subscribe to Automotive World to … Continued

• By Webmaster
• February 20, 2012