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Detroit Electric turns to Europe for investment, technology

We remember when Zap revived the name Detroit Electric, a classic, last year but the details haven't been coming very fast and furious since then. Zap announced late last week that the U.S.-Chinese partnership (with China Youngman Automobile Group) is now headed over the Atlantic to find both money and tech help. In a statement, Detroit Electric CEO Albert Lam said that partners in Europe (unnamed) would help with the electric drive system, capital financing and vehicle distribution. More details - like the names of those partners - will be ... Read more →

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