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The global expansion of Chinese construction equipment manufacturers can also be attributed to their proactive approach to mergers and acquisitions. By acquiring established brands in different regions, Chinese companies have not only enhanced their technological capabilities but also gained instant access to new markets. For example, SANY's acquisition of Germany-based Putzmeister allowed it to harness advanced German technology while expanding its reach into the European market.


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Despite their benefits, passenger vehicles have also raised significant environmental concerns. The internal combustion engines that power many of these vehicles contribute to air pollution and greenhouse gas emissions, which are major drivers of climate change. As a response, there has been a growing shift towards electric and hybrid vehicles, which aim to reduce the environmental footprint associated with personal transportation.


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