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Broad-ocean Motor plans to spin off its wholly-owned subsidiary for listing

Zhongshan Broad-ocean Motor Co., Ltd. (Broad-ocean Motor) announced that it is planning to spin off Shanghai Edrive Co., Ltd. (Shanghai Edrive), its wholly-owned subsidiary, for listing. Shanghai Edrive is mainly engaged in the R&D, production, and sales of New Energy Vehicle powertrain systems and automotive rotatin....

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