Fangzheng Motor, which had planned to disclose major events from November 3rd, disclosed that on November 2nd, the company and Wanxiang Electric Vehicle Co., Ltd. signed the “Framework Cooperation Agreement for Electric Vehicle Projectsâ€. The two parties will jointly develop electric vehicle motors. project.
According to the information, the legal representative of Wanxiang Electric Vehicles is Lu Guanqiu, chairman of Wanxiang Qianchao. According to the agreement, Fangzheng Motor will provide electric motor specific performance parameters to universal electric vehicles according to the performance requirements of electric vehicle powertrains. Electric vehicles are designed and manufactured as required for the drive motors used in electric vehicles. Founder Motors also established an automotive motor division based on the company's overall plan for the development of electric vehicle motors. It is mainly engaged in the research and development and production of new energy electric vehicle motors.
In addition, the company intends to requisition about 136 mu of land in the Economic Development Zone of Lishui City, Zhejiang Province. The bidding price will be 112,000 yuan per mu and will be mainly used for the company's electric vehicle motor project land. The company's shares resume trading today.
According to the information, the legal representative of Wanxiang Electric Vehicles is Lu Guanqiu, chairman of Wanxiang Qianchao. According to the agreement, Fangzheng Motor will provide electric motor specific performance parameters to universal electric vehicles according to the performance requirements of electric vehicle powertrains. Electric vehicles are designed and manufactured as required for the drive motors used in electric vehicles. Founder Motors also established an automotive motor division based on the company's overall plan for the development of electric vehicle motors. It is mainly engaged in the research and development and production of new energy electric vehicle motors.
In addition, the company intends to requisition about 136 mu of land in the Economic Development Zone of Lishui City, Zhejiang Province. The bidding price will be 112,000 yuan per mu and will be mainly used for the company's electric vehicle motor project land. The company's shares resume trading today.
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