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Egtronics to establish JV to develop and manufacture EV components in Jiangsu, China
South Korea’s Egtronics Co., Ltd. will establish a new joint company, AIEG Motors (JiangSu) Co., Ltd., to develop and produce core components for electric vehicles (EVs) in Jiangsu, China. The company will invest KRW 13.85 billion (JPY 1.52 billion) to acquire a 70% stake. Egtronics has headquarters and a production ....
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