China Evergrande Group's automotive unit is nearing a sale of U.K. startup Protean Electric to e-mobility company Bedeo, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Securities analysts revised their ratings and price targets on several European companies, including ABB, Antin Infrastructure Partners Sas and Schindler Holding, on Wednesday.
The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries wrote U.S. lawmakers saying a proposed U.S. electric vehicle tax credit violates international trade rules, according to a joint letter made public Saturday.
The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.