Zhejiang Founder Motor Co Ltd002196
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Invests 11 million yuan in JV for high-performance magnetic drive systems, creating business synergy.

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.
Zhejiang Founder Motor Co LtdInvests 11 million yuan in JV for high-performance magnetic drive systems, creating business synergy.