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(Bloomberg) -- State-owned automaker China FAW Group Co. is considering acquiring a significant stake in the troubled ride-hailing giant Didi Global Inc., according to people familiar with the matter.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern Ukraine Spark Debate Over Course of WarUkraine Lates
The German car manufacturer said the move was 'the most prudent course of action commercially', and that it was working to rebuild trust with customers.
It appears the the EV (electrical vehicle) wave is building here in the U.S. New data from Experian Automotive, the data collection company’s auto data arm, is showing new auto registrations for EVs have jumped 60% from a year ago in the first quarter, and have hit an all-time high of 4.6% of the overall market.