Market Chatter: Chinese Companies to Invest 940 Million Euros in AI, Cars in Serbia
Chinese companies will invest an additional 940 million euros into Serbia, beginning in July, Bloomberg reported Wednesday, citing President Aleksandar Vucic.Companies with investment agreements include Minth Group (HKG:0425), Shandong Linglong Tyre (SHA:601966), Changzhou Xingyu Automotive Lighting Systems (SHA:601799), Yusei Holdings (HKG:0096), Shanghai AgiBot Innovation Technology, Weichai Power (HKG:2338, SHE:000338), Zhejiang EV-Tech, Jiangsu Reliance Energy, and China Construction Fourth Engineering Division, the report said.The investments will go to auto parts production, humanoids, energy, and artificial intelligence projects, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
