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Chinese electric car makers, nurtured by state, now look for way out of glut

The company wants to find a niche in a crowded sector that already includes renewable equipment manufacturers, battery makers and property developers like the Evergrande Group, as well as established auto giants. Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of […]

M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years