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Bosch and JMCG agree e-axle joint venture in China · Endata

◂ Announcements

Nov 4, 2024PARTNERSHIPNanchang Xiaolan Economic and Technological Development Zone, Jiangxi province, China

Bosch and JMCG agree e-axle joint venture in China

Bosch Mobility Solutions and Jiangling Motors Corporation Group (JMCG) have signed an agreement to establish a joint venture focused on e-axle systems for light-duty commercial vehicles. The JV will have registered capital of CNY 500 million (USD 70 million), with Bosch owning 60% and JMCG 40%, and will be based in Nanchang, Jiangxi province.

Value

$70.0M (500.0M CNY)

Status

Announced

Productse-axle systems

CompaniesBosch Jiangling Motors Corporation Group partner

Sectors#Automotive Components

“Facing the wave of electrification in commercial vehicles, Bosch has a clear strategy for the future.”just-auto.com

1 source
just-auto.comBosch and JMCG Agree E-Axle Joint Venture in ChinaFrankie YoudNov 4, 2024

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

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