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Zotye Auto to raise CNY 6 billion for NEV development
On June 11, Zotye Automobile Co., Ltd. (Zotye Auto), an auto manufacturer in China, revealed its plan to raise no more than CNY 6 billion. Zotye Auto will use CNY 4.732 billion to develop intelligent connected New Energy Vehicles (NEVs) and improve its R&D capabilities. CNY 468 million will be used for channel constr....
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