CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China
Green Car Congress
AUGUST 28, 2017
UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., The purchase price is $0.95 The parties expect the closing will occur in December 2017. In all respects, CNHTC definitely meets all of these criteria. million in cash to UQM.
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