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China

CAERI to invest CNY 3.8 billion for construction of test, research and development base for intelligent connected vehicles

On August 22, China Automotive Engineering Research Institute Co., Ltd. (CAERI) announced that it signed an investment cooperation agreement (the agreement) with the Guichi District People’s Government of Chizhou city in Anhui Province. According to the agreement, CAERI will invest a total of CNY 3.8 billion for cons....

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