Business

May 12, 2014 10:24 AM

Electric truck maker Smith Electric attracts $42 million investment, plans to reopen Kansas City plant

Sinopoly Battery Ltd., a Hong Kong battery producer, has agreed to invest $42 million in Smith Electric Vehicles Corp. and take an equity stake in the struggling electric truck manufacturer. Sinopoly will also become Smith’s exclusive battery supplier, the Kansas City-based truck company said.

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