Evergrande, Germany's Hofer to develop EV powertrains

Evergrande Group unveiled its joint venture with Hofer in Stuttgart, Germany Tuesday.

July 26, 2019 08:34 AM

China's Evergrande Group has formed a joint venture with German automotive powertrain specialist Hofer to develop electric-vehicle powertrains as the leading Chinese real-estate developer seeks to expand its presence in the domestic EV sector.

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