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Hunan Corun New Energy Co Ltd to Set up Joint Venture


Wednesday, 29 May 2013 08:00pm EDT 

Hunan Corun New Energy Co Ltd announced that it plans to invest JPY 208.4 million to set up a joint venture named CORUN PEVE(CHINA)AUTOMOTIVE BATTERY CO.,LTD with a Changshu-based venture capital investment company, Primearth EV Energy, a Beijing-based investment company, and Toyota Tsusho Corporation. The joint venture will be with a registered capital of JPY 5.21 billion and be engaged in the development, production, sale and after-service provision of automobile nickel-metal hydride battery module. The five investors will respectively hold a 40% (the Company), a 10%, a 41%, a 5% and a 4% stake in the joint venture. 

Company Quote

24.57
-0.43 -1.72%
2:59am EDT