Tesla deal boosts Chinese presence in U.S. auto tech

March 28, 2017 by  
Filed under News

DETROIT (Reuters) – China’s Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

Source: Reuters Business News

Comments are closed.