# 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%.

- Type: Partnership
- Announced: 2024-10-24
- Where: Nanchang, China, China
- Value: $70.0M (500.0M CNY)
- Status: announced
- Products: electric drive axle systems for light-duty commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bosch](https://endata.com/companies/1725.md) (partner)
- [Jiangling Motors Corporation Group](https://endata.com/companies/40702.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/bosch-jiangling-motors-to-build-joint-venture-for-light-duty-commercial-vehicle-electric-drive-system-project-70034961), 2024-10-25: "The planned joint venture for electric drive axle systems is a further milestone in deepening the cooperation between JMCG and Bosch."

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