# Nexteer and Dongfeng Components sign joint venture agreement for EPS systems

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 Motor Group and its affiliates. The joint venture will be equally owned.

- Type: Acquisition
- Announced: 2017-04-13
- Where: China
- Status: announced
- Products: electric power steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dongfeng Motor Parts & Components Group](https://endata.com/companies/1704.md) (partner)
- [Nexteer Automotive](https://endata.com/companies/18311.md) (partner)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/nexteer-dongfeng-components-sign-joint-venture-agreement-2/), 2017-04-13: "The formation of a joint venture between Nexteer and Dongfeng Components signifies an expanded relationship in which both companies will greatly benefit."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.