‘We are at the beginning of a resurgence of M&A activity,’ says Peter Yu, co-head of diversified industries and technology for Asia-Pacific. The marriage of foreign capital and Chinese technology ‘is a powerful theme.’
China's electric-vehicle (EV) industry is becoming a brighter spot for JPMorgan Chase's top deal bankers as the crowded domestic market faces pressure to consolidate and foreign manufacturers jostle for a bigger stake in the world's biggest market. Recent transactions involving BYD, Nio, Xpeng, Volkswagen and BMW are fuelling hopes that mergers and acquisitions (M&A) will make the industry a fertile ground for deal-making after two years of muted opportunities for investment bankers in Asia-Paci
By Chris Wack Sunrise New Energy shares were up 7% to $2.30 after the company said its Sunrise (Guizhou) New Energy Materials factory has passed detailed.