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China

Bosch, JMC Group to establish JV for LCV electric drive systems

Bosch signed an agreement on a planned joint venture (JV) for the development and sales of light commercial vehicle (LCV) electric drive systems with JMC Group in Nanchang.
The planned JV will have a registered capital of CNY 500 million (EUR 63 million), 60% and 40% from Bosch and JMC Group, respectively. It will ma....

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