Zhejiang Wanliyang to establish joint venture with GIF  [ China ]

On December 12, 2016, Zhejiang Wanliyang Co., Ltd. and GIF Research Center (China) Ltd. agreed to establish a joint-venture business in Jinhua, Zhejiang. The new company will be called GIF Automotive Technology (Zhejiang) Co., Ltd. A total of CNY 20 million will be invested in the joint venture, of which CNY 11 million (55%) will be provided by Zhejiang Wanliyang and CNY 9 million (45%) will be...