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State Grid, Evergrande in partnership to build electric vehicle charging network


State Grid Corp. of China announced Wednesday that it has set up a 50-50 joint venture with the technology arm of Evergrande Group, one of China's biggest real estate developers, in a move to create a network of electric-vehicle (EV) charging stations to support the country’s drive towards cleaner transportation.

The new company, Guoheng Smart Energy, has a registered capital of 180 million yuan ($26.2 million), according to an announcement.

Evergrande’s investment comes through . . .

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