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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

Guangzhou Automobile Group Co., Ltd. (GAG) held the 22nd meeting of its Fifth Board of Directors and approved a resolution about the project of an integrated electric drive system for new electric vehicles (NEVs). According to the resolution, GAG approved the construction of the aforementioned project by a joint vent....

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