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DE SOTO, U.S. -- Rick Walker, mayor of De Soto, Kansas, can barely contain his excitement about the vast U-shaped factory going up on his city's outskirts. Overhung with cranes and buzzing with over a thousand workers, the plant is being built by Panasonic Energy, a Japanese maker of batteries for electric vehicles and a major supplier to Tesla.
(Reuters) -- China Evergrande New Energy Vehicle Group said on Monday Liu Yongzhuo, an executive and vice chairman, has been detained on suspicion of "illegal crimes" but did not elaborate.
BANGKOK (AP) — A top executive of China Evergrande’s electric vehicle company has been detained by police in the latest sign of trouble for the world’s most heavily indebted property developer.