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ZAP News: Detroit Electric Attracts New Investment and Technology Partners from Europe

HONG KONG (Aug. 30, 2008) — Historic electric car brand Detroit Electric last June reached an understanding to move forward in the development of a line of full-performance pure electric passenger vehicles. CEO Albert Lam said a vehicle distributor and additional technology partners in Europe intend to provide capital financing and electric drive system technology for the venture. He expects further details to be announced.

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