Robert Bosch invests $37.7M in Hechuan Technology, plans JV

Robert Bosch invested CNY 276 million ($37.7 million) in Zhejiang Hechuan Technology via a stake transfer, and the two plan to form a joint venture with registered capital of CNY 120 million to produce automation and electrification solutions.

“The JV is set to become a powerful player in the Chinese automation market.”yicaiglobal.com

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• yicaiglobal.comHechuan Tech Soars on USD37.7 Million Investment From Robert Bosch, Plan to Form JVZhang YushuoNov 3, 2023

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