Detroit Electric signs joint venture with China’s Far East Smarter Energy Group; $1.8B investment
Green Car Congress
MARCH 9, 2017
Detroit Electric has signed a joint venture deal with Far East Smarter Energy Group of China, which has helped secure a total investment of $1.8 billion dollars for the development and production of a range of electric vehicles over the next three years. The joint venture will invest US$370 million into Detroit Electric’s European operations over the next four years.
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