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07 Dec
06:40

CATL, Foton to collaborate on battery rental

Chinese leading truck company Foton Motor recently announced it plans to establish a joint venture with CATL on a new energy battery rental business with a focus on new energy trucks. According to Foton Motor's announcement, the preliminary name of the new company is Foton Time New Energy Technology. The registered capital of this proposed joint venture is set to be CNY 200 million ($28.64m) and each of the two companies will hold a 50% stake in it, Kalla…
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