Porsche acquires stake in Fazua and plans joint ventures with Ponooc to expand involvement in e-bike market
Green Car Congress
FEBRUARY 11, 2022
In addition, there is an option to purchase further shares, which will allow Porsche to take over Fazua completely. The company was founded in 2013 and is a pioneer in the development of lightweight, compact drive technologies. The parties have agreed not to disclose the purchase price.
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