Posted inBeijing, China

Property firms build fast track into China’s auto sector

Chinese property developers are building extensive investments in the booming new energy vehicles sector. In a move to diversify, real estate companies have pumped more than 10 billion yuan ($1.46 billion) into the NEV industry as they target new growth markets. Major players, such as Evergrande Group and Vantone Holdings Company, have scaled up their […]

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