XCMG


China construction machinery maker XCMG agrees to NEV venture

China construction machinery maker XCMG agrees to NEV venture

(ATF) One of China's biggest construction machinery manufacturers said it has agreed to invest in a 5.5 billion yuan ($843 million) new energy vehicle (NEV) project in the eastern Chinese city of Xuzhou.Xuzhou Construction Machinery Group (XCMG) said the project would focus on research, development, production and sales of NEVs, …

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