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Bosch Rexroth and Weifu High Technology Group signed an agreement on August 1, 2022, to form a joint venture for developing, manufacturing, and selling mobile and industrial hydraulic products in China. The existing Le-HydrauliX subsidiary of Bosch Rexroth will be merged into the JV.
“Bosch Rexroth recently announced the company’s plans to form a joint venture with Weifu High Technology Group for strengthening the development, manufacturing, and sales of selected mobile and industrial hydraulic products in the Chinese market.”whyps.com
Summarized from public sources; check the original articles before acting on it.