The Chinese real estate group Evergrande Group is investing the equivalent of around 23 billion US dollars in the construction of three plants for electric vehicles and their components in Guangzhou.
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Evergrande Health Industry Group is to pay 1.06 billion yuan (156 million US dollars) for a majority stake in Cenat New Energy, a Chinese automobile battery company. Evergrande is rapidly piecing together a string of pearls in the electromobility production chain.
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