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Varroc Engineering, India and Forsee Power to form EV battery joint venture in India

On October 16, Varroc Engineering announced plans to form a joint venture with France’s Forsee Power to develop battery-pack solutions in India. Varroc will acquire a 45% equity stake in Forsee Power India and exercise management and operational control over the entity.
Varroc’s board approved an initial investment o....

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