HGZN and Hyundai Heavy Industries form robot JV in China

Jiangsu Hagong Intelligent Robot (HGZN) and Hyundai Heavy Industries Holdings signed an agreement to set up a joint venture, Hagong Hyundai Robotics Co., Ltd., with registered capital of 200 million yuan. HGZN will hold 70% and Hyundai 30%.

“HGZN announced Monday that it has signed an agreement with Hyundai Heavy Industries Holdings Co., Ltd. on setting up a joint venture (JV), Hagong Hyundai Robotics Co., Ltd.”en.imsilkroad.com

• 2 sources
• en.imsilkroad.comHGZN (000584.SZ) to set up robot JV with Hyundai Heavy Industries - Xinhua Silk RoadDec 24, 2018
• roboticsandautomationnews.comNews – Page 563Anna, David Edwards, Sam FrancisJan 30, 2019

Summarized from public sources; check the original articles before acting on it.