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Yazaki (China) Investment Corporation and IAT Automobile Technology Co., Ltd. concluded a joint venture agreement to establish Beijing IAT Yazaki New Energy Technology Co., Ltd. in Beijing, China. The joint venture will research, develop, and produce high-voltage systems for new energy vehicles, with capital of CNY 50 million. IAT will hold 60% and YCIC 40%.
“Yazaki (China) Investment Corporation, the Chinese subsidiary of Yazaki Corporation, has concluded a joint venture agreement with independent Chinese automotive engineering company IAT Automobile Technology Co., Ltd. to establish a joint venture to engage in the research & development of high-voltag”automotiveworld.com
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