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.

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Deal rationale

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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.

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.