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China’s State Capital Bets Big on Auto Sector Next 5 Years
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China’s State Capital Bets Big on Auto Sector Next 5 Years
Chongqing - On January 8, Chongqing’s state capital operations hub, Chongqing Yufu Holding Group, signed a 2.5-billion-yuan (about 360 million U.S. dollars) investment agreement with local automaker Deepal. Deepal, the new energy vehicle brand under Changan Automobile. (Photo/Deepal) Beyond the auto sector, Yufu has announced plans over the next five years to focus on next-generation electronic information manufacturing, advanced materials, com…
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