Announced
Financials
Sources
Tags
Domestic
Private
electric vehicle charging
Majority
Single Bidder
China
Auto Services
Pending
Friendly
Acquisition
Synopsis
RISE Education Cayman agreed to acquire Dada Auto, an electric vehicle charging provider, for $587m. "I am thrilled about this very unique merger opportunity. Over the past two years, NaaS has grown tremendously with the tailwind of a booming EV market in China. The combined company will be well positioned to further this growth trend, with access to capital market," Cathy Wang, Dada Auto CEO.
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