Aabar Sparks Middle East Interest In EVs

Abu Dhabi-based Aabar Investments, which acquired a 9.1% stake in Daimler in March, has shown interest in the development of electric vehicles (EVs) by acquiring part of the German firm's stake in Tesla Motors. Daimler acquired just under 10% of the Californian EV manufacturer in May and has now sold 40% of this to Aabar. This fulfils an agreement signed by Aabar and Daimler which stated that apart from the equity investment, they would also c-operate on other strategic projects.

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