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Zhengzhou Coal Mining Machinery (郑煤机) and its wholly-owned subsidiary Seg Automotive China (索恩格中国) plan to invest 300 million yuan to establish a joint venture, Seg Automotive Electric Systems (索恩格电动), focusing on electric drive systems for new energy vehicles.
“为推进公司汽车零部件板块电动化战略的实施,紧抓新能源汽车市场发展机遇”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.