China's automobile giant SAIC Motor Group will open its second overseas technology hub in Israel, as part of the company's broader strategy to focus on innovation and global expansion, it announced Thursday.
Details of the plan, including the amount of the investment and the timetable, were not immediately disclosed. SAIC said the new center will explore technology for future mobility services through innovation and investment, according to cnstock.com.
SAIC previously opened a similar center in Silicon Valley in the US, according to media reports.
(Source: Global Times)
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