Backing for new rival

A GROUP of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to US electric car maker Tesla Motors Inc. Hillhouse is also an investor in Uber, the US ride sharing service. The backers have hired ex-Ford Motor Co executive Martin Leach […]

Continue reading this article with a Fiji Times online membership.

More Stories