Daimler takes stake in Torc Robotics

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Source: Dukascopy Bank SA
Daimler Trucks agreed to acquire a controlling stake in the truck software developer Torc Robotics in the autonomous vehicle push, Daimler Trucks CEO Martin Daum stated on Friday.
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Fri, 29 Mar 2019 14:27:48 GMT

China's NIO blocks IPO banks from from tie-ups with rivals

China's electric vehicle maker NIO has restricted the investment banks involved in its initial public offering from cooperating with rivals, marking the severe competition among the Chinese electric carmakers.

Fri, 29 Mar 2019 11:04:58 GMT

NIO restricts its IPO

The Chinese electric vehicle maker NIO has announced that it is blocking eight investment banks that were part of the company's IPO to work with any electric car makers.

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