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John Deere partners with a Battery-electrified Product Manufacturer

This is interesting. John Deere a manufacturer of gasoline driven equipment is partnering with an international company owned by Chevron and is based in Nanjing China. EGO is led by CEO Long Quan Pan (title: Chairman/CEO/Executive Director/Co-Founder, Chervon Holdings Ltd.). My initial thought was, why doesn’t John Deere buy EGO out right making it a division of it. I suspect the opposite will happen as John Deere has an extensive distribution...

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