Reuters logo
BRIEF-Chongqing Sokon sees 9-month net profit up, unit to buy U.S. battery firm Inevit
October 17, 2017 / 11:23 AM / a month ago

BRIEF-Chongqing Sokon sees 9-month net profit up, unit to buy U.S. battery firm Inevit

Oct 17 (Reuters) - Chongqing Sokon Industry Group Co Ltd

* Says it expects 9-month net profit to rise to 480-500 million yuan ($72.53-75.55 million)from 290.5 million yuan year ago

* Says unit SF Motors will buy Inevit Inc for $33 million

* Says Inevit founder Martin Eberhard, co-founder Heiner Fees, and Inevit CEO Mike Miskovsky will join SF Motors after transaction

Source text in Chinese: bit.ly/2ghXtjs; bit.ly/2ypOYgC

Further company coverage: ($1 = 6.6178 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below