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Beyonca's GT Opus 1 concept car is unveiled during an event at the electric vehicle (EV) start-up's headquarters in Beijing, China October 30, 2022. REUTERS/Florence Lo/File Photo Acquire Licensing Rights
BEIJING, Oct 23 (Reuters) – Electric vehicle brand Beyonca, backed by Renault (RENA.PA) and Dongfeng Motor (0489.HK), said on Monday it signed a memorandum of understanding with Riyadh-based Al Faisaliah Group Holding Company to explore the possibility of an investment from the group.
At the signing ceremony at Dongfeng Motor's headquarters in the central Chinese city of Wuhan, Beyonca also inked a strategic cooperation deal with QG FZE-LLC regarding investment opportunities in the Middle East, according to the EV brand.
(This story has been corrected to say that the companies signed an MOU about investment, not an investment agreement, in paragraph 1)
Reporting by Beijing newsroom; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles.
Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive to cut costs, according to a source familiar with the situation.
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