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GAG to invest CNY 624 million for construction of intelligent NEV industrial park and to set up joint venture with Nidec Corporation
On August 1, Guangzhou Automobile Group Co., Ltd. (GAG) held the 22nd meeting of its Fifth Board of Directors and approved a resolution for a project involving an integrated electric drive system for new electric vehicles (NEVs). According to the resolution, GAG approved the construction of the aforementioned project....
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