YYDQ plans to establish a joint venture with ChenZhi Group, focusing on the field of electronic and electrical products for automobiles and motorcycles
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YYDQ signed a memorandum of joint cooperation with ChenZhi Group, planning to jointly establish a joint venture company focused on the field of automotive and motorcycle electronic products. The joint venture will cover the entire chain from research and development to sales, with main businesses including autonomous driving controllers, motor controllers, etc. The registered capital is 402.3 million yuan, with ChenZhi Group contributing 70% and YYDQ contributing 30%
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