JAC established a joint venture company with Anhui Juyi to develop and manufacture motor and electronic control system technology

In order to speed up the development and fostering of energy-saving and new energy automotive industry and promote the development and utilization of electrical and electronic control system technologies, on November 24, 2015, Jianghuai and Anhui Juyi signed the joint venture framework of Jianghuai Juyi Electric Drive System Project in Hefei. Agreement.


Jianghuai Juyi Electric Drive System Project Joint Venture Framework Agreement

According to the cooperation agreement, JAC established a joint venture company with Anhui Juyi to develop and produce motor and electronic control system technologies. The registered capital of the joint venture company is RMB 100 million. Both parties use cash to contribute RMB 50 million each, each accounting for 50% of the registered capital of the joint venture company. After consultation between the two parties, the joint venture company initially used the form of a leased plant to produce the plant in due course.

The new joint venture company will develop, produce and sell motor and electronic control system products and will supply them to Jianghuai Automobile.

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