Hwaway Technology Plans to Establish Automotive Parts JV in Mexico

MT Newswires Live

2025/01/30

Hwaway Technology (SHE:001380) is planning to establish a joint venture in Mexico through subsidiaries Jinsheng Industrial Investment and Jinsheng USA.

The joint venture will focus on the production and sales of automotive parts in North America, according to a filing with the Shenzhen bourse.

The total investment in the joint venture is up to $30 million, with the company contributing $19.5 million for a 65% stake. Zhejiang Wan'an Technology will contribute $10.5 million for the remaining 35% stake.

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