# Zhengzhou Coal Mining Machinery to set up joint venture for automotive e-drive systems

Zhengzhou Coal Mining Machinery (郑煤机) and its subsidiary Sonneng Automotive Parts (China) will invest 300 million yuan to establish a joint venture, Sonneng Automotive Electric Systems, focusing on automotive e-drive systems. The announcement was made on December 30, 2021.

- Type: Partnership
- Announced: 2021-12-30
- Where: China
- Value: $47.0M (300.0M CNY)
- Status: announced
- Products: automotive e-drive systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhengzhou Coal Mining Machinery](https://endata.com/companies/6905.md) (investor)
- [Sonneng Automotive Parts (China)](https://endata.com/companies/59995.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/632310.html), 2021-12-30: "基于公司及索恩格电气化战略实施的需要，合资设立索恩格汽车电动系统有限公司，有利于公司把握汽车电动化发展趋势，加快布局新能源汽车核心零部件产业链。"

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