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In 50 Words: China’s Rox Motor Tech secures $1b for all-aluminum EV development
Rox Motor Tech, a Chinese electric vehicle manufacturer, has secured US$1 billion from local textiles firm Shandong Weiqiao Pioneering Group.
The company plans to use the funds for the production of EVs with all-aluminum bodies. It recently unveiled its first vehicle model, the Polestone 01.
