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China's Changan Auto to rev up green-car development

CHONGQING, China -- Chongqing Changan Automobile will invest 18 billion yuan ($2.74 billion) in development of eco-friendly vehicles by 2025 as the automaker seeks to ride Beijing's policy promoting green autos.

The leading carmaker will roll out 34 electric-vehicle and plug-in hybrid models over the next decade, targeting aggregate sales of 2 million units, President Zhu Huarong said Monday when unveiling the plan at an international automobile forum here.

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