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Evergrande Group acquires e-Traction indirectly, start hub motor business
On March 15, Evergrande Health Industry Group Limited (Evergrande Health) announced that its subsidiary spent CNY 500 million to acquire a 70% stake in TeT Drive Technolgy Co., Ltd. (TeT Drive), a subsidiary of Tianjin Tanhas Technology Co., Ltd. After the acquisition, TeT Drive will become a subsidiary of Evergrande....
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