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Ucar to acquire 67% stake in Beijing Borgward for CNY 4.1 billion

On March 18, Ucar announced that its subsidiary will spend approximately CNY 4.1 billion to acquire 67% interest in Beijing Borgward Automotive Co., Ltd. (Beijing Borgward), which are now held by Changsheng Xingye (Xiamen).
Until now, Ucar has accumulated resources in downstream industrial chain fields such as car mo....

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