Tencent buys 5% stake in Tesla for $1.8 billion
Green Car Congress
MARCH 28, 2017
In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars. Harmony Futeng subsequently established Future Mobility Corp. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported. Tencent reported net profit of $5.97
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