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Despite the rise of electric vehicles (EVs), the internal combustion engine remains a prevalent choice for consumers around the world. Factors such as infrastructure, affordability, and driving range contribute to this continued preference. In many regions, the availability of charging stations remains limited, making ICE vehicles a more practical option for long-distance travel. Moreover, the lower upfront costs of ICE vehicles, compared to most EVs, appeal to budget-conscious consumers.


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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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