Mumbai, Nov. 21 -- ZF Friedrichshafen and China's Wolong Electric Group have established a joint venture to produce components and electric motors for automotive applications. The joint venture will operate under the name Wolong ZF Automotive E?Motors Co Ltd and will be headquartered at Shangyu, Zhejiang Province, China. It will provide optimal access to the Chinese market, leverage joint purchasing potential and focus on future business. By 2025, the company is expected to employ up to 2,000 staff.
"The partnership with Wolong, a key player of electric motors and components in the Chinese market, is a great next step in further strengthening our electric mobility strategy. With the joint venture, we extend our value chain for electric mot...