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Chinese firm plans to buy big chunk of Colorado electric motor company

Denver Business Journal

A Longmont maker of electric motors is again trying to sell a big part of itself to a Chinese company, this time for more than $28 million. UQM Technologies (NYSE: UQM) said it's trying to sell more than a third of its shares to China National Heavy Duty Truck Group Co. Ltd., which is the parent company of Sinotruk, a Chinese commercial vehicle manufacturer, in an effort to broaden UQM sales in China.