Hanon Systems forms joint venture with CSGC subsidiaries in Chongqing

Hanon Systems will form a joint venture with Chongqing Jianshe Motorcycle and Chongqing Jianshe Mechanical & Electrical Equipment, subsidiaries of China South Industries Group, to manufacture automotive air conditioning and heat pump systems in Chongqing, China. The partners will invest CNY 420 million (USD 64 million) in registered capital, with Hanon Systems holding a 50% stake.

“Completion of the new joint venture is expected by the end of 2017, pending formal approval by the China government.”just-auto.com

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• just-auto.comHanon Systems establishes joint venture with China South Industries subsidiaries - Just AutoadminOct 12, 2017

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