# Avicopter subsidiary to set up joint venture for drone investment

Avicopter's subsidiary AVIC Intelligence & Mapping Technology (AVIC Zhihui) signed a joint venture agreement with Jincheng Group and Nanjing Tianyue to establish AVIC Jinke. AVIC Zhihui will contribute RMB 100.32 million for a 44% stake, with Jincheng Group holding 46% and Nanjing Tianyue 10%.

- Type: Partnership
- Announced: 2019-04-22
- Where: China
- Value: $14.9M (100.3M CNY)
- Status: announced
- Products: drones, unmanned aerial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Avicopter](https://endata.com/companies/38860.md)
- [AVIC Intelligence & Mapping Technology](https://endata.com/companies/38861.md) (investor)
- [Jincheng Group](https://endata.com/companies/38862.md) (partner)
- [Nanjing Tianyue](https://endata.com/companies/38863.md) (partner)
- [AVIC Jinke](https://endata.com/companies/38864.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/198501.html), 2019-04-22: "签订合资协议，有助于该集团不断扩大无人机等航空高科技领域的产业投资，并获得投资收益"

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