Ichinomiya Electric acquires 49% stake in Suzhou Amneo Drive

Ichinomiya Electric Corporation acquired a 49% stake in Suzhou Amneo Drive, a Chinese electric drive manufacturer. The partnership was formalized on February 2, 2019, and a new joint venture named Kinetec Amneo Drive Electric was established.

“This collaboration is not just a business investment—it represents a shared belief in innovation, technical excellence, and the future of electrified mobility and automation.”kinetec-electric.com

• 1 source
• kinetec-electric.comStrategic Partnership Between Ichinomiya Electric Corporation and Suzhou Amneo Drive Forms New Joint Venture in ChinaMar 30, 2019

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