DETC, Knorr-Bremse to establish brake joint venture  [ China ]

Dongfeng Electronic Technology Co., Ltd. (DETC) announced that the company and Knorr-Bremse Asia Pacific (Holding) will establish a joint-venture company to develop, produce and assemble brake products for commercial vehicles in May 2014. The new company, Dongke Knorr Commercial Vehicle Brake Technology Co., Ltd. (temporary name), will be capitalized at CNY 70 million. It will be owned 49 perce...
<May 09, 2014>