Lifan forms JV with Hiboridd Automotive to produce key components for EV
JV to produce electric motor control units for Lifan's EVs, powertrain control parts for hybrids and plug-in hybrids
China-based Lifan is forming a 51:49 joint venture (JV) with a domestic supplier - Hiboridd Automotive Technology - to produce key components for electric vehicles (EVs), reports Automotive News China.
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