Bethel Automotive Safety Systems (SHA:603596) established a 100 million yuan robot-making joint venture with Langfang Jinrun Electric, a unit of Langfang Jinrun Technology Group, according to a Shanghai bourse filing on Thursday.
The subsidiary, Wuhu Bethel Drive Technology, will manufacture motors and control systems and industrial robots, as well as software and automotive parts.
Bethel will own 60% of the venture, while Jinrun Electric will hold 40%.
The Chinese automotive braking systems manufacturer's shares rose less than 2% during the midday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments