China’s CNHTC Halts Investment In US Electric Motor Maker UQM Due To CFIUS Trouble

News Source: China Money Network.

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(Hong Kong) Limited, and UQM Technologies, a Colorado-based developer and manufacturer of electric motors, have withdrawn their application for investment approval to the Committee on Foreign Investment in the United States (CFIUS), the companies said.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…)

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