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Huanghai obtains CNY 111.6 million in NEV subsidies
On May 4 Dandong Huanghai Automobile Co., Ltd. (Huanghai), a subsidiary of Liaoning SG Automotive Group Co., Ltd. (SG), obtained CNY 111.6 million in NEV subsidies (for 2016) from the Chinese government. The subsidies will offset the company’s accounts receivables.
From an SG press release
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From an SG press release
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