# RONN Motor Group forms joint venture for hydrogen fuel-cell vehicles in China

RONN Motor Group executed a three-way joint venture agreement in China with $100 million registered capital to manufacture, sell and develop hydrogen fuel-cell vehicles, with RONN retaining 51% controlling interest.

- Type: Partnership
- Announced: 2019-01-24
- Where: China
- Value: $100.0M
- Status: announced
- Capacity: 300,000 vehicles per year
- Products: hydrogen fuel-cell vehicles, electric vehicles, buses
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [RONN Motor Group](https://endata.com/companies/36877.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/ronn-motor-group-inc-announced-today-that-it-has-executed-a-three-way-joint-venture-in-the-peoples-republic-of-china-to-codevelop-zero-emission-all-electric-hydrogen-fuel-cellbattery-vehicles-300783957.html), 2019-01-24: "RONN Motor Group, Inc. announced today the execution of a definitive three-way joint venture agreement with $100 million (USD) registered capital."

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