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USA/China: Electric vehicles entrepreneur from China stumbles in US

Electric vehicles partsmaker has string of California projects delayed or canceled for lack of cash. But research center for electric vehicles and other green power is funded and operating.

Winston Chung came to Southern California two years ago like a standard-bearer for the new China, a wealthy Hong Kong entrepreneur with visions of creating an electric vehicle industry by reviving struggling manufacturing firms.

Some dreams rolled out as planned. The battery scientist and clean-energy promoter bought control of four Southern California specialty vehicle makers. The University of California-Riverside renamed a building as Winston Chung Hall, saying that the $13 million he provided for green power research was the biggest donation in campus history.

But other ventures skidded off course, the biggest failure being a bid to step into the social spotlight by purchasing the Balboa Bay Club and Resort, a Rat Pack-era landmark where Republican power brokers mingled and John Wayne tossed back Conmemorativo tequila.
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