Liaoning SG Auto cancels new energy car components JV with South Korea’s Samsung SDI
In this article (4)
Liaoning SG Automotive Group Co Ltd Says it will not set up new energy car components JV with partners including South Korea’s Samsung SDI.
Says it will dissolve a Tianjin-based financial leasing JV, which was set up in 2014.
Questions & Answers
Q.Which company was Liaoning SG Auto planning to partner with for the new energy car components joint venture?
Which company was Liaoning SG Auto planning to partner with for the new energy car components joint venture?
A.
Liaoning SG Automotive Group Co Ltd was planning to set up the new energy car components joint venture with partners that included South Korea’s Samsung SDI.
Q.What is the status of the new energy car components joint venture?
What is the status of the new energy car components joint venture?
A.
Liaoning SG Automotive Group Co Ltd has announced that it will not set up the new energy car components joint venture and has cancelled the plan.
Q.What other joint venture is Liaoning SG Auto dissolving?
What other joint venture is Liaoning SG Auto dissolving?
A.
Liaoning SG Automotive Group Co Ltd is also dissolving a financial leasing joint venture. This venture was based in Tianjin and had been established in 2014.
Reader pulse
Was SG Auto's JV cancellation with Samsung SDI a smart move?
19,789 votes so far