# 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%.

- Type: Acquisition
- Announced: 2024-10-29
- Where: Nanchang, China
- Value: $68.0M (63.0M EUR)
- Status: announced
- Products: electric drive systems for light commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bosch](https://endata.com/companies/1725.md)
- [JMC Group](https://endata.com/companies/63762.md) (partner)

## Sources

- [marklines.com](https://www.marklines.com/en/news/316670?sitesearchKey=%E5%8D%9A%E4%B8%96), 2024-10-29: "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."

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