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Thursday, November 14, 2019

China's Evergrande commits $6.4B to become EV force

Potential design for Evergrande Group EVChina's Evergrande Group on Tuesday announced plans to invest $6.42 billion over the next three years to develop electric cars. Evergrande is one of China's biggest companies with operations in the health, real estate, tech and tourism sectors. Its foray into the auto industry got off to a rocky start with an initial investment in Faraday Future...

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