Zhejiang Founder Motor to set up new subsidiary, investing CNY 200 million

Zhejiang Founder Motor Co., Ltd. announced plans to set up a new wholly owned subsidiary, Yicheng Founder Hi-tech Co., Ltd., in Yicheng, Hubei. The investment in this project will be CNY 200 million, according to the company. Yicheng Founder Hi-tech will develop and manufacture automotive parts, including electronic ....

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