Wolong Electric and ZF Friedrichshafen form EV motor joint venture

Wolong Electric Group and ZF Friedrichshafen AG signed an agreement to form a joint venture, Wolong ZF Automotive Electric Motors Co Ltd, dedicated to developing and producing traction motors for electric vehicles. The JV will be headquartered in Shaoxing, China, with a plant to be set up in Serbia. Initial registered capital is EUR 53.85 million, with Wolong holding 74%.

“This joint venture is an example of win-win cooperation.”global.chinadaily.com.cn

• 1 source
• global.chinadaily.com.cnDeal signed for new energy vehicles - Chinadaily.com.cnMa Zhenhuan in HangzhouMar 11, 2020

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