Manufacturing in China would allow the company to avoid a 25% import levy, making its electric vehicles more competitive against luxury-brand rivals, such as BMW and Audi, as well as local offerings by BYD Co. and BAIC Motor Corp....More
Though many in Germany remain uneasy about Midea’s friendly takeover of Kuka, it has started, with the Chinese appliance maker offering close to $130 per share and seeking as much as a 30% stake in the robotics leader....More
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