Aston Martin has set up a venture with the Chinese consumer electronics group LeEco to jointly develop an electric vehicle.
Aston Martin has set up a venture with the Chinese consumer electronics group LeEco to jointly develop an electric vehicle.
The high-end electric vehicle maker said Monday it was reducing staff in China after missing a sales target in the world’s biggest car market.
The filing with the U.S. Bankruptcy Court in Delaware will allow Coda Holdings, a Los Angeles start-up company, to get out of the auto sector and refocus on energy storage.
The struggling American battery maker A123 Systems, which got a green technology grant from the U.S. government, has said a Chinese auto parts maker is looking to take a controlling stake.