Soros bets on EV battery startup


Soros, 90, has used his vast wealth to become one of the world’s largest funders of groups promoting justice, democracy, human rights and progressive politics through his Open Society Foundations.

NEW YORK: Soros Fund Management has disclosed a stake in an electric-vehicle-battery startup as the billionaire philanthropist’s investment firm raised tech bets and exited its stake in sports betting company DraftKings Inc.

George Soros’s firm said it held US$4.6bil in US stocks at the end of the quarter, an US$886mil increase from the prior quarterly period, according to a regulatory filing.

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