# Chuangji to form joint venture with Feihong Intelligent for five-axis CNC machine tools

Chuangji's wholly-owned subsidiary Chuangji Investment (Shenzhen) Co., Ltd. plans to form a joint venture with Guangzhou Feihong Intelligent Technology Co., Ltd., focusing on the R&D, production, sales and service of five-axis CNC machine tools. Chuangji Investment will hold a controlling stake. The announcement was made on December 2, 2022.

- Type: Partnership
- Announced: 2022-12-02
- Where: China
- Status: announced
- Products: five-axis CNC machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Chuangji Investment (Shenzhen) Co., Ltd.](https://endata.com/companies/67050.md) (partner)
- [Guangzhou Feihong Intelligent Technology Co., Ltd.](https://endata.com/companies/67051.md) (partner)
- [Chuangji](https://endata.com/companies/67052.md) (partner)

## Sources

- [jiemian.com](https://www.jiemian.com/article/8503556.html), 2022-12-02: "The joint venture will be controlled by Chuangji Investment (Shenzhen) and will focus on the R&D, production, sales and service of five-axis CNC machine tools."

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