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AddVenture Vehicles is now Persu Mobility and makes an Urban Life Vehicle (ULV)

Click above for high-res image gallery of the Persu Hybrid

6Chery enters joint venture with Israel Corp.

Israel Corp. has now won approval from China's still heavily centralized government to set up shop in partnership with Chery Automobile. The Israeli partner will take a 45% stake in the venture, worth about $225 million, with Chery presumably taking the other 55%. The news of the deal hit the wire shortly after the now-refuted

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