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New Energy Vehicle Battery Malfunction Leads to Massive Compensation Claim Against Large Dongguan Company
Summary by 大纪元 Epoch Times
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On the evening of November 25, Longzhou Co., Ltd. (002682), a listed company, issued a major announcement disclosing that its controlling subsidiary, Dongguan Zhongqi Hongyuan Automobile Co., Ltd., is the defendant in two lawsuits. Due to the failure of the power battery of pure electric buses, it is facing two huge lawsuits with a total amount involved of approximately RMB 431 million.
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