Valeo to form transmission JV with S. Korean partner Pyeong Hwa Group; torque converters and CVTs; boosting sales to Hyundai-Kia
Green Car Congress
FEBRUARY 7, 2017
Each partner will contribute to this Joint-Venture its respective torque Ccnverter business, located for Valeo at Nanjing (China), Atsugi (Japan), San Luis Potosi (Mexico) and Troy (USA) and located for Kapec in Daegu, Waegwan and Seongju (South Korea). The agreement is subject to approval by the competent authorities.
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