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Ningbo Huaxiang Electronic and CIMC Vehicles Group jointly set up new material company

Ningbo Huaxiang Electronic Co., Ltd. announced on June 8, 2017, a plan to set up a new company with a capital of Chinese yuan (CNY) 6 million, jointly with CIMC Vehicles Group Co., Ltd. The new joint company, which is tentatively named Ningbo Huaxiang Automotive New Materials Co., Ltd, will be owned 60% by Ningbo Hua....

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