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Valmet adds Chinese investor in EV push

Valmet previously built the A class for Mercedes (shown). It will replace A class output with the GLC. (Valmet)
TF
By:
Tuomas Forsel
January 30, 2017 05:00 AM

HELSINKI -- Chinese battery maker Contemporary Amperex Technology Limited (CATL) has bought a 22 percent stake in Finnish contract manufacturer Valmet Automotive to expand in the European electric car market.

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