China's SAIC Motor to pay $382m to up stake in EV battery maker QingTao

China's SAIC Motor to pay $382m to up stake in EV battery maker QingTao

Source: CHUTTERSNAP/Unsplash

Chinese state-owned automaker SAIC Motor Corp plans to invest up to 2.7 billion yuan ($382.2 million) in the country’s solid-state lithium-ion battery maker QingTao (Kunshan) Energy Development.

Edited by: Padma Priya