The carmaker is also in talks with various potential partners to manufacture the EV battery in India, with an eye on launching an additional EV sport utility vehicle at a lower price point using the localized battery.
Reuters
February 9 |
Updated on
February 09, 2021
FILE PHOTO: The Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing - REUTERS
FILE PHOTO: The Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing - REUTERS×
Shanghai PATEO, in a statement accused Tencent of abusing its messaging app’s dominant market position to restrict sales of its products
Chinese tech giant Tencent Holdings Ltd has become the target of a fresh anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture.
A General Motors venture with state-owned SAIC Motor Corp, along with a smart vehicle tech supplier, jointly filed the complaint to Chinese regulators.
GM warns Maharashtra government s move to block its exit could hit investment
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Last Updated: Jan 23, 2021, 01:11 PM IST
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Synopsis
GM stopped selling cars in India, the world s second most populous nation, at the end of 2017 after years of low sales. It sold one of its two factories in the country to China s SAIC Motor Corp and continued to build vehicles for export at its second plant until Dec. 24.
Maharashtra s move to block General Motors (GM) from shutting a plant and exiting the country defies the state s business friendly image and sends a concerning message to potential future investors, the US automaker has said.