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Zhejiang Asia-Pacific, Elaphe Propulsion Technologies to form joint venture in China
Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. announced that the company and Elaphe Propulsion Technologies of Slovenia signed an agreement to form an in-wheel motor production joint-venture in China. The signing took place on July 27, 2015. The joint venture is expected to be owned 51 percent by Zhejiang A....
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