Multinationals fast-track investments to leverage China’s NEV boom
SHANGHAI: (Bernama-Xinhua) The rapid evolution of China's new energy vehicle (NEV) sector is driving multinational corporations to restructure their China strategies, prompting some to scale up local investments across research and development (R&D), production and supply chains, Xinhua reported. German chemical giant BASF earlier this week announced a 500-million-yuan (about US$69.3 million) investment for the expansion...