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Valeo invests Cathay CarTech Fund to focus on Chinese auto and mobility ecosystem

SHANGHAI – Valeo announced on December 11 that it has invested ¥375 million in Cathay CarTech Fund – Cathay Capital’s first RMB fund, marking the French supplier’s deeper involvement in China’s dynamic automotive and mobility ecosystem. China is the world’s largest automotive market and is leading the new mobility sector,

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Behind the trillion RMB investment and 20 million capacity in NEVs

– by Liu Xiaolin, Gao Feichang, Jiang Jingyi, Wan Xuefei, Hu Wenwen, Li Yueting and Wang Xiaoyan Wuhan is unhappy that Chengdu had a higher GDP in 2016 and Dongfeng-Peugeot-Citroën Automobile Co., Ltd. chose to invest in another plant in the capital of Sichuan Province. It implies a crucial role

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Chinese VC firm GSR Capital to acquire Nissa’s electric battery business

YOKOHAMA – Chinese private investment fund GSR Capital has entered into a definitely sale and purchase agreement with Nissan Motor Co., Ltd. for the sale of its electric battery operations and production facilities, the Japanese automaker said in a statement on August 8. The agreement covers Nissan’s battery subsidiary, Automotive

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Commercial vehicle industry to benefit from deregulation of loan rate

  The People’s Bank of China (PBC) deregulated loan rate of financial institutions as of July 20, 2013 to further marketize the country’s loan system. Financial institutions are no longer required to meet the 0.7 minimum interest rates for commercial loans. According to an executive of the PBC, this reform

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