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Evergrande Enters Power Battery Industry by Acquiring a Stake in CENAT New Energy, Establishing a Presence in the Whole Industrial Chain of Electric Vehicle

 Date:2019.01.24   Publisher:Xinhuanet

On January 24, Evergrande Health (HK.0708) announced that it acquired 58% shares of CENAT New Energy, a power battery enterprise, with RMB 1.06 billion, and became its largest shareholder. As such, Evergrande Health made important inroads into the industrial chain of new energy vehicle.

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