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Chinese Air Conditioning Maker Investing $2 Billion in Electric Busmaker

Posted By GMbeat 793 days ago on Articles

http://www.hybridcars.com - China’s largest air-conditioning manufacturer Gree will be investing $2 billion in shares to buy a Chinese company that builds electric buses, lithium batteries, and drivetrain components. Gree Electric Appliances will be selling new shares to fund the purchase of Zhuhai Yinlong New Energy Co.

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