Bosch and JMCG to form joint venture for electric drive axle systems

Bosch and Jiangling Motors Corporation Group (JMCG) signed an agreement to establish a joint venture in Nanchang, China, focused on developing and selling electric drive axle systems for light-duty commercial vehicles. The joint venture will have a registered capital of 500 million yuan (63 million euros), with Bosch owning 60% and JMCG 40%.

“The planned joint venture for electric drive axle systems is a further milestone in deepening the cooperation between JMCG and Bosch.”autonews.gasgoo.com

• 1 source
• autonews.gasgoo.comBosch, Jiangling Motors to build joint venture for light-duty commercial vehicle electric drive system project | GasgooMonikaOct 25, 2024

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