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China

Joint venture between CATL and GAC Group receives CNY 1 billion investment

Guangzhou Automobile Group Co., Ltd. (GAC Group) announced that its proposal for a capital increase of CATL GAC Power Battery Co., Ltd. (CATL GAC) was approved by its board of directors. CATL GAC is a joint venture between GAC Group and Contemporary Amperex Technology Co., Ltd. (CATL). The proposal includes an increa....

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