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Yongmaotai Automotive Technology plans to invest CNY450 million (USD63 million) to build a new factory in Mexico to mitigate the impact of shifting global trade policies on its European and US customers' supply chains. The factory will likely take two years to build.
“Yongmaotai Auto said it plans to invest CNY450 million (USD63 million) building a new factory in Mexico to mitigate the impact of shifting global trade policies on its European and US customers' supply chains.”yicaiglobal.com
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