ALTe Powertrain Technologies to form $200M JV in China; 4 factories plus $70M services contract for range-extended plug-in light commercial powertrain
Green Car Congress
AUGUST 31, 2012
US-based ALTe Powertrain Technologies, the developer of a range-extended plug-in electric hybrid powertrain for light commercial vehicles ( earlier post ), has entered into a Joint Venture agreement in China with MESA Century New Energy Technology, Inc. A total of US$200 million has been committed to the JV at this stage.
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