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Electric car firm finalizes deal worth up to $100 million


AMP Holding, Inc., the Cincinnati-based electric vehicle converter, has signed a deal worth up to $100 million to supply electric-powered sport utility vehicles in Iceland, reports the Cincinnati Enquirer.

The final agreement with Northern Lights Energy, a electric utility in Iceland, positions AMP as a leading supplier of electric SUVs with expansion possibilities into other northern European countries, such as Finland and Norway.

Read the full story here.
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