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BRIEF-Ningbo Huaxiang Electronic plans to set up battery JV, invest in fund
September 28, 2017 / 12:44 PM / in 3 months

BRIEF-Ningbo Huaxiang Electronic plans to set up battery JV, invest in fund

Sept 28 (Reuters) - Ningbo Huaxiang Electronic Co Ltd

* Says it plans to invest 100 million yuan ($15.02 million) to set up battery JV with partners including GSR GO Scale Capital Advisors Ltd

* Says it plans to invest $100 million in GSR Capital Advisors’ buyout fund GSR Electric Vehicle L.P.

Source text in Chinese: bit.ly/2yanXhQ

Further company coverage: ($1 = 6.6557 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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