Sumitomo to invest in Taiwan's top electric bus-maker

Business / Corporate Nov 13, 2019

Sumitomo to invest in Taiwan's top electric bus-maker

Trading house Sumitomo Corp. will spend some ¥500 million ($4.5 million) by February 2020 to acquire a 6.7 percent stake in Taiwan's top electric bus-maker, RAC Electric Vehicles Inc. The two will seek to capitalize on the Taiwan government's plan to replace 15,000 conventional buses ...