Zhejiang Vie Science & Technology, Haldex to form brake joint venture  [ China ]

Zhejiang Vie Science & Technology Co., Ltd. announced that the company and Haldex Brake Products AB will establish Haldex VIE (China) ElectroMechanical Brake Systems Co., Ltd., a 50-50 joint venture to produce and sell brake systems. The company will be located in Jiading District, Shanghai, and will be capitalized at CNY 100 million. (From an announcement by the company on May 6, 2016)