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Hunan Corun New Energy Co Ltd and Toyota Tsusho Corp to establish joint venture with other companies


Tuesday, 24 Dec 2013 07:00pm EST 

Toyota Tsusho Corp:Hunan Corun New Energy Co Ltd will establish a joint venture with a Changshu-based investment company, Primearth EV Energy Co Ltd, Toyota Motor (China) Investment Co Ltd and Toyota Tsusho Corp.The joint venture will be engaged in development, manufacturing, sales, after service and consulting of nickel metal hydride battery for automobile.Hunan Corun New Energy Co Ltd, the Changshu-based investment company, Primearth EV Energy Co Ltd, Toyota Motor (China) Investment Co Ltd and Toyota Tsusho Corp will hold 40 pct, 10 pct, 41 pct, 5 pct and 4 pct stakes in the joint venture respectively. 

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