Zhejiang Founder Motor Co Ltd002196
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Subsidiary forms JV to develop engine electronic control systems, expanding into new technology area.

Fangzheng Motor's wholly owned subsidiary Shanghai Haineng has signed a joint venture agreement with Guangxi Jukong to jointly establish Guangxi Guixin Intelligent Control Technology Co., Ltd., with a registered capital of 35 million yuan. The joint venture will engage in the research, development, manufacturing, and sales of products such as engine electronic control systems and gas injection systems.
Zhejiang Founder Motor Co LtdSubsidiary forms JV to develop engine electronic control systems, expanding into new technology area.
Newly established JV will focus on R&D and manufacturing of engine electronic control systems.
Signs JV agreement to jointly develop and sell engine electronic control systems.