Tencent bets big on Tesla rival NextEV

September 3, 2015

Shenzhen-based firm leads the group of investors who support new-energy carmaker Tencent Holdings Ltd is backing a Chinese version of global market leader Tesla Motors Inc in a new push to tap into the booming electric car market. The cash-rich company is among a group of investors which poured money into NextEV Co Ltd, a Shanghai-based…

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