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Shinry Technologies (300745.SZ) signed a shareholders' agreement with Lear (Mauritius) to establish a joint venture in Shenzhen, China, named Shenzhen Shinry Lear Electric Control Technology Co., Ltd., to sell automotive parts. The JV has registered capital of USD 2 million, with Shinry contributing 51% and Lear Mauritius 49%.
Lear Corporation and Shinry Technologies have signed a definitive agreement to establish a joint venture in Shenzhen, China, to integrate portfolios of advanced onboard vehicle chargers and multi-function integrated power modules for electric vehicles. Completion is anticipated in Q4 2021.