Yazaki (China) Investment Co., Ltd. (YCIC) and Alt Automotive Technology Co., Ltd. (IAT) have signed a “Letter of Intent for Cooperation” on the establishment of a joint venture.
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Founded in 2007 , Beijing-based IAT’ss main business includes vehicle R&D, core parts R&D and manufacturing, as well as new energy vehicle (NEV) R&D/
According to GlobalData’s deals database, the two parties plan to work together to jointly develop core technologies for high-voltage power systems required by the new energy vehicle (NEV) industry and promote the establishment of a joint venture.
Through the cooperation between the two parties, YCIC aims to further enhance its contribution to the Chinese market and customers in the global market.
Deal rationale
The two parties plan to work together to jointly develop core technologies for high-voltage power systems required by the new energy vehicle industry and promote the establishment of a joint venture. Through the cooperation between the two parties, YCIC aims to further enhance its contribution to the Chinese market and customers in the global market.
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