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Schaeffler breaks ground on NEV core parts project

Schaeffler announced the groundbreaking ceremony of a New Energy Vehicle (NEV) core parts project in Taicang, Jiangsu. The project has a total investment amount of USD 300 million and will mainly be engaged in the R&D, manufacturing and sales of drive parts for NEVs. (From a Taicang press release dated January 31, 20....

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