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The joint venture will benefit from Zotye's expertise in designing and commercializing EVs in China and Ford's global product development and technology capabilities.

The investment is part of a wider global plan presented by Yu Chengdong, CEO of Huawei's consumer business group, in Munich last September, which envisages a total investment of billion.

The investment would be made in Shenzhen or Shanghai, where a large battery lab and a small battery lab of the company are located, said Sven-Olaf Steinke, general manager of the company's electrical service in China.

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The last three stations are newly planned and will be built during the same period.

The launches commemorate the 10th such 24-hour e-commerce spending spree, which was first held by Alibaba in 2009, and also mark 10 years since the first Chinese astronaut walked in space, said Jing Jie, president of Alibaba's Tmall shopping site.

The joint venture marks Magna's first investment in a complete vehicle manufacturing plant outside Europe. It will be capable of producing up to 180,000 NEVs per year, and the first production is expected to be launched in late 2020, Magna said.

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The late King Father Norodom Sihanouk and the elder generation of Chinese leaders jointly forged and carefully nurtured a bilateral traditional friendship, which will be remembered for good, she said.

The latest China agricultural product wholesale price index came in at 122.23, up 0.14 points from Monday.

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The island is working to attract visitors from Southeast Asia, South Asia, Australia and New Zealand to sustain its limping tourism market.

The largest bill under the outgoing cash system was the 100,000 bolivar note, equal to less than 3 cents on the commonly used black market exchange rate. A cup of coffee can cost more than 2 million bolivars.