China’s CATL, Ant Financial and Hellobike set up e-bike battery firm

Written by on June 12, 2019

Logo of Ant Financial Services Group is seen next to a logo of Alipay at the Digital China exhibition in Fuzhou, Fujian
A logo of Ant Financial Services Group is seen next to a logo of Alipay at the Digital China Exhibition in Fuzhou, Fujian province, China May 5, 2019. Picture taken May 5, 2019. REUTERS/Stringer

June 12, 2019

SHANGHAI (Reuters) – China’s Contemporary Amperex Technology Co Ltd (CATL), Ant Financial Services and Hellobike said on Wednesday they will invest 1 billion yuan ($144.60 million) to establish a electric bicycle battery joint venture.

The battery maker, fintech firm and Alibaba-backed bike-sharing start-up announced the cooperation in a joint statement, which did not disclose the individual shares of the partners in the joint venture.

(Reporting by Shanghai Newsroom and Brenda Goh; Editing by Himani Sarkar)

Source: OANN

Follow #MagaFirstNews via Social Media
#MagaFirstNews
Tagged as

Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *



[There are no radio stations in the database]