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Mitsui invests in German electric vehicle charging startup

Japanese trading house expanding auto industry presence

TOKYO -- Mitsui & Co. has invested in a German green energy company specializing in electric vehicle charging systems, the Japanese trading house said Thursday.

Mobility House received an infusion in the hundreds of millions of yen (100 million yen equals $878,000). Mitsui did not disclose the size of the ownership, but the deal is large enough for the Japanese company to get a seat on Mobility House's board. German automaker Daimler on Wednesday said it also purchased a minority stake.

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