Guangxi Yuchai Machinery Monopoly Development establishes new joint venture.
Auto Business News-June 8, 2022--Guangxi Yuchai Machinery Monopoly Development establishes new joint venture
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Auto Business News - 08 June 2022
Guangxi Yuchai Machinery Monopoly Development Co., Ltd., a China-based subsidiary of Guangxi Yuchai Machinery Company Limited, has established a new joint venture, Suzhou Yuxing Automobile Technology Co., Ltd.
The joint venture is intended to improve the nationwide engine services and emergency services for all vehicles powered by Yuchai engines in China.
According to the joint-venture agreement, YMMC has a 30 percent equity interest, Xingwei Automobile Technology (Wuxi) Co., Ltd. owns a 25 percent equity interest, Tianjin Zhuoyu Automobile Technology Partnership has another 8 percent equity...
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