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CAAS and South Korean Hyoseong agree to set up joint EPS motor manufacturer
On December 27, 2018, China Automotive Systems Inc. (CAAS) and South Korean Hyoseong Electric Co., Ltd. agree to establish a joint venture which will be engaged in the design, manufacturing, and sales of automotive electric power steering (EPS) motors. The new plant is named Hyoseong (Wuhan) Power Mechatronics System....
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