ABT Group has entered into a joint venture with YOTTA Automobile (Guangzhou) Co. Ltd. to form ABT Technologies (Guangzhou) Co., Ltd., which will sell ABT-branded refinement parts, co-branded vehicles, and services in China. ABT Sportsline also signed MoUs with SOKON Group and GAC Motor.
ABT SE agreed to set up a joint venture in China with YOTTA Automobile, named ABT Technologies (Guangzhou) Co., Ltd. YOTTA holds 51%, ABT Sportsline 34%, and the JV will focus on refinement of VW Group models and Chinese electric vehicles.
ABT SE agreed to set up a joint venture in China named 'ABT Technologies (Guangzhou) Co., Ltd.' with strategic partner YOTTA Automobile (Guangzhou) Co., Ltd. YOTTA holds 51%, ABT Sportsline holds 34%, and investor Dr. Cornelius Boersch holds the remainder.