BRIEF-China's Xinzhi Motor to acquire stake in Tesla's Taiwan supplier Fukuta Elec & Mach

Wed May 21, 2014 8:48am EDT

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May 21 (Reuters) - Xinzhi Motor Co Ltd

* Says plans to acquire 19.96 percent stake in Tesla's Taiwan supplier Fukuta Elec & Mach for up to T$344.9 million ($11.44 million)

Source text in Chinese: link.reuters.com/xuf59v

Further company coverage: ($1 = 30.1420 Taiwan Dollars) (Reporting by Hong Kong and Singapore newsrooms)

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