CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China
Green Car Congress
AUGUST 28, 2017
UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., The parties expect Sinotruk to be a significant purchaser of electric drive trains from the JV for Sinotruk’s commercial vehicles and other customers will be identified for sales as well. as US legal advisor to UQM.
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