Smith Electric Vehicles and Wanxiang Group announce investment and joint venture for electric school buses and commercial vehicles in China

Smith Electric Vehicles Corp. has signed a letter of intent with Wanxiang Group, a China-based global leader in automotive parts manufacturing and supply. The principal terms include a $ 25-million equity investment in Smith by Wanxiang and up to a $ 75-million investment in a joint venture between Smith and Wanxiang to develop, manufacture and commercialize all-electric […]
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