Nanjing Punch Powertrain to set up joint venture with Weiran (Nanjing) Power Technology

Nanjing Punch Powertrain Co., Ltd. announced on May 19, 2018, a plan to set up a new joint venture tentatively named Nanjing Weibang Drive Technology Co., Ltd. with Weiran (Nanjing) Power Technology Co., Ltd. The two companies are going to invest Chinese yuan (CNY) 30 million each, and the new company is going to hav....

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