Fangzheng Motor Plans to Invest 11 Million Yuan in Joint Venture Focusing on High-Performance Magnetic Drive Transmission Systems

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Fangzheng Motor announced that it will jointly invest 39 million yuan with Caichuang Phase I, an enterprise under its indirect controlling shareholder, Robert Bosch International Investment B.V., Bosch China Investment Ltd., and Jiangsu Bozhong Intelligent Technology Group to establish Zhejiang Lequ Technology Co., Ltd. Fangzheng Motor will contribute 11 million yuan, holding a 28.2051 percent stake. The joint venture focuses on high-performance magnetic drive transmission systems, which can bring business synergy to the company.

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Off-coverage companies 3

Bosch (China) Investment Ltd.i
Private± Mixedrelevance

Robert Bosch Internationale Beteiligungen AGi
Private± Mixedrelevance

江苏博众智能科技集团i
Private± Mixedrelevance