# Zhengzhou Coal Mining Machinery and Seg Automotive China to set up JV for EV components

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.

- Type: Acquisition
- Announced: 2022-01-06
- Where: China
- Value: $47.1M (300.0M CNY)
- Status: announced
- Products: electric drive systems for new energy vehicles, integrated drive motors, transmissions, controllers, software control
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhengzhou Coal Mining Machinery](https://endata.com/companies/6905.md) (investor)
- [Seg Automotive China](https://endata.com/companies/60149.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/636091.html), 2022-01-06: "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"

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