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Saudi Wealth Fund In Talks For Investing $250M In Chinese EV Maker Human Horizons: Report

Saudi Arabia’s Public Investment Fund (PIF) is reportedly negotiating to invest heavily in Shanghai-based electric-vehicle maker, Human Horizons Group Inc.

The PIF is considering a significant investment of at least $250 million in Human Horizons, Bloomberg reported. This deal would value the EV company at around $3 billion. While an agreement could be finalized this year, the timeline may extend as discussions are ongoing and terms are yet to be finalized.

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The decision has not been cemented, and the investment details are being kept under wraps. Human Horizons has been actively seeking strategic options, considering raising up to $1 billion from private backers to further its growth. The company is also exploring an initial public offering, with the assistance of UBS ...

Full story available on Benzinga.com


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