iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
iMotion Automotive Technology (Suzhou) Co., Ltd. has announced the formation of a joint venture with Hangsheng Electronics to establish a leading high-tech company in Suzhou, China, focusing on automated driving and cockpit integration. The new subsidiary, equally owned by both companies with a registered capital of RMB100 million, will engage in the development, production, and sale of related products, with the financial results to be consolidated into iMotion’s group financial statements.
For further insights into HK:1274 stock, check out TipRanks’ Stock Analysis page.