In the language of business, there are two types of business merger and acquisition. The first type, for example if a car manufacturer acquired a transmission company, then this is called a horizontal integration. On the other hand, the Hooters restaurant company acquired the Pace Airlines to form the Hooters Airlines back in 2002, which sounds strange (why a food business want to participate in the air transportation industry?), this is called a vertical integration.
Back in June 2012, a Hong Kong energy company: National Bio Energy Group, teamed with a Japanese venture investment company called “Sun Investment”, formed a subsidiary called NEVS (Nation Electric Vehicle S...
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