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Yulon Motor, Geely Auto to jointly develop electric cars

From Dow Jones| November 05 , 2009 10:12 BJT

Taiwan's Yulon Motor Co. and mainland China's Geely Automobile Holdings Ltd. will jointly develop electric motor cars powered by lithium batteries, the Economic Daily News reported Wednesday, citing unnamed sources.

Yulon Chief Executive Kenneth Yen and Geely Chairman Li Shufu will sign an agreement on the cooperation when Li visits Taiwan next month, the report said.

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