Wanxiang's JV with Smith Electric Vehicles sees foreign batteries enter a viable Chinese EV market

China Wanxiang Group last week signed a contract with Smith Electric Vehicles (see the January 5, 2011 LREVJ) as part of the U.S.-China Economic and Trade Cooperation Forum, including a $35 million investment by Wanxiang into Smith. In addition, the two companies will establish a joint venture (JV) ...

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