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Diamond Aircraft Industries will invest CNY 200 million to build a factory in Shandong province, China, to produce 220 general-purpose aircraft per year. Construction is expected to take seven months.
Wanfeng MLTH Holdings, a subsidiary of Wanfeng Auto Wheel, has secured a CNY42 million (USD6.4 million) order from Evergrande Hengchi New Energy Vehicle Shanghai to supply instrumentation stands. The contract deepens ties between the Tesla supplier and Evergrande NEV.