ABT SE forms joint venture in China with YOTTA Automobile

ABT SE agreed to set up a joint venture in China named 'ABT Technologies (Guangzhou) Co., Ltd.' with strategic partner YOTTA Automobile (Guangzhou) Co., Ltd. YOTTA holds 51%, ABT Sportsline holds 34%, and investor Dr. Cornelius Boersch holds the remainder.

“With the joint venture, the ABT Group is expanding its position on the attractive Chinese automotive market and strengthening its comprehensive refinement expertise as well as the ABT brand on an international level.”eqs-news.com

• 1 source
• eqs-news.comABT SE agrees on foundation of a joint venture in China and strengthens international positioning | Corporate - EQS NewsFeb 23, 2023

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