CNHTC, the parent company of Chinese heavy-duty commercial vehicle manufacturer Sinotruk (Hong Kong) Limited, and UQM Technologies, a Colorado-based developer and manufacturer of electric motors, have withdrawn their application for investment approval to the Committee on Foreign Investment in the United States (CFIUS), the companies said. (more…)
China’s CNHTC Halts Investment In US Electric Motor Maker UQM Due To CFIUS Trouble
News Source: China Money Network.
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