Johnson Controls, BAIC Group to set up automotive battery joint venture  [ China ]

Johnson Controls Inc. announced that it has signed a memorandum of understanding (MOU) with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), an auto parts subsidiary of Beijing Automotive Industry Group Co., Ltd. (BAIC Group), to set up automotive battery sales and manufacturing joint ventures in China. Under the MOU, Johnson Controls and BHAP will partner to offer a range of batteries to a...