Hunan Corun New Energy to establish production subsidiary in Foshan  [ China ]

Hunan Corun New Energy Co., Ltd. announced that it has signed an agreement with the local government about its plan to establish a production subsidiary in Chancheng District, Foshan City, Guandong. The new company will be called Corun Hybrid System Technology Co., Ltd. (CHS). CHS will develop, produce, and sell electronically controlled continuously variable transmissions (ECVTs) with dual mot...