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California-based Green Automotive Company (GAC) has acquired a 30-percent stake in Powabyke EV Ltd, a UK-based Electric Bike business, from Metroelectric PLC. With the Electric Bike market forecasted to grow globally from 31 million in 2013 to 38 million e-bicycles to be sold in 2020, GAC decided it was a sector in which they should […]

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