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BYD is planning a major expansion into the Ontario market with its zero-emissions commercial and transit vehicles, including auto assembly and finishing operations.

Baoneng was not available for comment. But a source close to Chery confirmed to Chinese news website Jiemian that Baoneng will acquire the equity that Chery wants to sell. The transfer is likely to start in late November, and Baoneng has become well prepared financially, with an initial fund of 3 billion yuan already in place, said the source.

Battery electric vehicles under the brands of Audi, VW and Skoda will be produced in the new factory, said Chen Hong, chairman of SAIC Volkswagen, said at the groundbreaking ceremony.

Based on the healthcare company's market value of .8 billion, purchasing a stake at that upper limit could cost more than .4 billion.

Baron then brought up Trump’s specific accusations, to which Bezos responded?by saying he is “very, very comfortable with all of Amazon’s approaches and behaviors.”