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Dongxu Optoelectronic Technology Co. will invest USD 454 million to construct a new-energy vehicle production base in Mianyang, Sichuan, China. The first phase will last 18 months and produce 10,000 passenger NEVs and 30,000 logistics NEVs per year.
“Dongxu Optoelectronic said that it has signed a cooperation agreement with the Mianyang government and plans to build a production facility backed by its own funds or fundraising.”www2.yicaiglobal.com
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