TuanChe rises on plans to expand into EV manufacturing sector

Token Cat

05/01/2022 12:52

** Shares of Chinese automotive marketplace TuanChe Ltd
 TC.O  up 13.9% at $3.44 in premarket trading  
    ** TC announces plan to establish a new electric vehicle
business line including a design, R&D and manufacturing team and
expand its business into EV manufacturing  urn:newsml:reuters.com:*:nPn8xc7Xra
    ** Adds it is holding open talks with potential strategic
partners
    ** Stock had fallen nearly 16% last year


    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))