Zhejiang Founder Motor Co., Ltd. (Founder Motor) announced that its wholly-owned subsidiary, Shenzhen Gold Corolla Electronics Co., Ltd., plans to inject USD 3 million in capital into its own wholly-owned subsidiary, Vietnam Gold Corolla Electronics Co., Ltd. Following completion of the capital increase, the register
Zhejiang Founder Motor Co., Ltd. (Founder Motor) announced that its wholly owned subsidiary, Shanghai High Energy Auto Electronic Co., Ltd. (Shanghai High Energy), has signed a joint venture agreement with Guangxi Jukong Industrial Investment Co., Ltd. (Guangxi Jukong), an affiliate of Yuchai Group, to jointly establ
Founder Smart Drive (Shanghai) Electromechanical Technology Co., Ltd. (Founder Smart Drive), a subsidiary of Zhejiang Founder Motor Co., Ltd., acquired Plot 21-02B in Anting Town, Jiading District, Shanghai spanning 11,186.53 square meters for CNY 39.77 million. With a total investment amount of around CNY 500 millio
Zhejiang Founder Motor Co., Ltd. (Founder Motor) was designated by Leapmotor as a supplier of drive motor stator and rotor assemblies for two projects. For the two projects, volume supply is expected to start in Q2 and Q4 2025, respectively. (From a Founder Motor press release dated November 8, 2024)
Founder Motor (Deqing) Co., Ltd. (Founder Deqing), a subsidiary of Zhejiang Founder Motor Co., Ltd. (Founder Motor), was designated as a supplier of components such as drive motor stator and rotor assemblies for a project of Volkswagen Automatic Transmission (Tianjin) Co., Ltd. For this project, mass production and s
Zhejiang Founder Motor Co., Ltd. (Founder Motor) announced that it inaugurated the Power Valley Future Plant in Liandu District, Lishui City, Zhejiang Province. The construction of the plant began on June 12, 2021. The first batch of equipment was delivered to the plant on April 26, 2022.
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