China’s FAW Group reveals plans for an array of independently developed alternative-energy vehicles, including a plug-in hybrid-electric and a battery-electric vehicle under the auto maker’s Besturn brand. FAW Chairman Xu Jianyi tells the government’s Xinhua news agency the company will stick to the strategy of developing both hybrid and EVs. “The company will invest RM9.8 billion ($1.53 billion) in the next five years to develop and build eight new-energy vehicle production platforms,” ...
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