Chery forms green car parts JV
Print Edition
CHINESE automaker Chery and Japanese electronics manufacturer Yaskawa have formed a new joint venture as the former is seeking to develop more key parts for new-energy vehicles.
The 300 million yuan (US$46 million) venture, based in Wuhu in Anhui Province, will see Chery and Yaskawa contribute 45 and 40 percent of the investment, Chery said yesterday.
The remaining 15 percent comes from state-owned Wuhu Construction Investment Co.
The venture, focusing on designing new-energy vehicle parts including motors, controllers and drive systems, aims to make 50,000 sets of the parts each year from September 2017. It is eying full production capacity of 100,000 sets.
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