Development of Commercial Vehicle Brake System Business Dongfeng Technology to Collaborate with Knorr

Dongfeng Technology announced that it intends to establish East Corkenor Commercial Vehicle Brake Technology Co., Ltd. (hereinafter referred to as "Technology Company") and East Corkor Brake System for Commercial Vehicle Brake Systems with Knorr Brake Systems Asia Pacific (Holdings) Co., Ltd. ( Shiyan Co., Ltd. (hereinafter referred to as the "Sales Company") aims to develop long-term strategic cooperation with international brands and develop commercial vehicle brake system business.

According to the agreement between the two parties, the technology company plans to invest a total of 175 million yuan and its registered capital of 70 million yuan. Among them, Dongfeng Technology invested 34,300,000 yuan, equivalent to 49% of the equity of the technology company; Knorr Asia-Pacific invested 35.7 million yuan, equivalent to 51% of the equity of the technology company. The sales company has a total investment of 14.25 million yuan and a registered capital of 10 million yuan. Dongfeng Technology and Knorr-Asia Pacific have respectively invested 5.1 million yuan and 4.9 million yuan.

NewsOriginal Title: Dongfeng Technology Brings Foreign Investment in Commercial Vehicle Brake System Business

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