VALA (02051.HK) -0.020 (-3.636%) announced that it has entered into a development agreement with Liuzhou Wuling Industry, a major shareholder of Wuling Motors (00305.HK) -0.005 (-1.176%) . Pursuant to the agreement, the two parties will use the Wuling Zhiguang EV model independently designed and developed by Wuling Industry as the prototype vehicle to carry out personalized customization development of the complete vehicle. They will also collaborate in product development, component research and development, production line commissioning, product performance testing and reliability testing, jointly developing the Wuling Zhiguang EV camper van. (de/d)(HK stocks quote is delayed for at least 15 mins.)
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