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Evergrande Health acquired 70% of Tate Technology for 500 million yuan. Tate Technology fully owns Dutch e-Traction, a wheel hub motor technology company.
“此次收购泰特机电,是恒大在新能源汽车领域又一关键落子。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.