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China

CATL and Chery Auto establish joint venture in new energy technology

On October 19, CATL Chery (Wuhu) New Energy Technology Co., Ltd., a joint venture between Contemporary Amperex Technology Co., Ltd. (CATL, owning 51%) and Chery Automobile Co., Ltd. (49%), was established with a registered capital of CNY 1 billion.
The new company’s business scope includes battery manufacturing, prod....

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