# Bosch and Jiangling Group plan joint venture for electric drive axles

Bosch and Jiangling Group signed a joint venture agreement in Nanchang to develop and sell electric drive axle systems for light commercial vehicles. The registered capital is 500 million yuan (63 million euros), with Bosch holding 60% and Jiangling 40%.

- Type: Partnership
- Announced: 2024-11-16
- Where: Nanchang, China
- Value: $69.0M (500.0M CNY)
- Status: announced
- Products: electric drive axle systems for light commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bosch](https://endata.com/companies/1725.md) (partner)
- [Jiangling Group](https://endata.com/companies/81051.md) (partner)

## Sources

- [powersys.com](https://www.powersys.com/2024/11/bosch-and-jiangling-plan-joint-ev-venture/), 2024-11-16: "Bosch and Jiangling Group have signed a joint venture agreement in Nanchang, planning to establish a joint venture to jointly develop and sell electric drive axle systems for light commercial vehicles."

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