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DGI Innovate, UK partners with EVAge Motors, India for electric motor manufacturing
On May 8, DG Innovate entered an MoU to establish a joint venture (JV) with EVage Motors (EVage). DGI will partner with EVage to manufacture its proprietary Pareta electric drive system in Punjab, India. The JV is expected to be 60% owned by DGI and 40% by Evage. The JV will allow DGI to pursue a faster, lower-cost r....
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