A Chinese super-car SPAC will test the reset expectations for electric vehicles. Other upstarts such as Rivian and Nio are struggling. CH-Auto's agreed $1.7 bln merger may be in for worse punishment, says KatrinaHamlin
Chinese electric vehicle company CH-Auto Technology is to go public by merging with U.S. blank-cheque firm Mountain Crest Acquisition Corp. IV in a deal valued at nearly $1.7 billion, including $460 million of net debt, the two companies said on May 2.The Qiantu K50 by Mullen is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019.
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