# 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.

- Type: Partnership
- Announced: 2024-11-04
- Where: Nanchang Xiaolan Economic and Technological Development Zone, Jiangxi province, China
- Value: $70.0M (500.0M CNY)
- Status: announced
- Products: e-axle systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [just-auto.com](https://www.just-auto.com/news/bosch-jmcg-agree-eaxle-joint-venture-in-china/), 2024-11-04: "Facing the wave of electrification in commercial vehicles, Bosch has a clear strategy for the future."

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