CHINA: Johnson Controls announces battery JV with BAIC
Johnson Controls (JCI) has signed a memorandum of understanding (MOU) with Beijing Hainachuan Automotive Parts (BHAP), an auto parts subsidiary of Beijing Automotive Industry Group (BAIC Group), to set up automotive battery sales and manufacturing joint ventures in the world's largest vehicle market. Under the MOU, JCI and BHAP will partner to offer a range of batteries to automakers and service networks under BAIC Group, one of China's largest automobile manufacturers.
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