News Snapshot:
Grace Tao, Tesla’s global Vice President, said today on Chinese social media platform Weibo that recent reports of the company acquiring bankrupt Chinese carmaker Zotye Auto are false (via CnEVPost ). Rumours surfaced after a document, dated February 18, detailing Zotye’s promise to market regulators in the Zhejiang province to obtain necessary approvals after acquiring a business license started making the rounds on the World Wide Web. The document was signed by Zhu Xiaotong, Tesla President for the Greater China region and another global VP, and bore the seal of Tesla Shanghai. According to Tao, the document is not authentic...
