◂ Announcements

Oct 29, 2024ACQUISITIONNanchang, China

Bosch and JMC Group to form joint venture for LCV electric drive systems

Bosch signed an agreement with JMC Group to establish a joint venture for the development and sales of light commercial vehicle electric drive systems in Nanchang. The JV will have a registered capital of CNY 500 million (EUR 63 million), with Bosch holding 60% and JMC Group 40%.

Value

$68.0M (63.0M EUR)

Status

Announced

Productselectric drive systems for light commercial vehicles

CompaniesBosch JMC Group partner

Sectors#Automotive Components

“Bosch signed an agreement on a planned joint venture (JV) for the development and sales of light commercial vehicle (LCV) electric drive systems with JMC Group in Nanchang.”marklines.com

1 source
marklines.comBosch, JMC Group to establish JV for LCV electric drive systemsOct 29, 2024

Summarized from public sources; check the original articles before acting on it.

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