Nexteer and Dongfeng Components form joint venture for EPS systems in China

Nexteer Automotive signed an agreement to form a joint venture with Dongfeng Motor Parts and Components Group to design and manufacture electric power steering systems for Dongfeng Group. The equally owned JV will be located near Dongfeng's headquarters in Wuhan, China, pending regulatory approval.

“The joint venture, equally owned by both parties, will design and manufacture electric power steering (EPS) systems for Dongfeng and its affiliated companies.”dbusiness.com

• 3 sources
• dbusiness.comNexteer and Dongfeng Components Sign Joint Venture Agreement - DBusiness MagazineFalin HakeemApr 10, 2017
• en.prnasia.comNexteer and Dongfeng Components Sign Joint Venture Agreement - PR Newswire APACApr 10, 2017
• just-auto.comNexteer and Dongfeng Components sign JV agreement - Just AutoApr 10, 2017

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