CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress
By mmillikinAug 28, 2017, 11:54 am69 pts
UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., Ltd. through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. UQM and CNHTC plan…

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