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Miyoshi's EV JV in China in talks to revive operations

The Edge Singapore
The Edge Singapore • 2 min read
Miyoshi's EV JV in China in talks to revive operations
The investment of $17.7 million has been written off
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Miyoshi says that its EV-making JV in China, which has been put on hold, is in talks with potential partners to reactivate operations.

Miyoshi holds a 42% stake in the JV, Core Power (Fujian) New Energy Automobile.

Talks are ongoing and there’s no certainty of any deals. Besides reactivating the operations, talks might result in a sale of equity interests in the JV.

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