U.S.-China electric bus JV established in Chongqing, with the U.S, partner the majority owner

February 21, 2012 | Analyst Insight

Hengtong Bus, a Chinese bus manufacturer, has established a joint venture in Chongqing with Microvast, a Texas-headquartered Li-ion battery developer. Microvast will assume 70% ownership while Hengtong takes the rest. The JV,...