Evergrande partners with five auto engineering firms for new EVs

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Corporate developments

Companies to jointly undertake R&D and design of 15 new models

Evergrande New Energy Automotive Group has partnered with FEV Group, EDAG Engineering Group and IAV Group in Germany, AVL Group in Austria and Magna Group’s Europe business, to jointly undertake research and development (R&D) and design of 15 new models, ranging from full-size luxury to midsize and classic vehicles, the company announced in a press release on 26 September.

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