Miyoshi partners with Chinese automaker Jiangxi Changhe Automotive to develop 5-door electric car: Report

Miyoshi Limited has reportedly announced that its unit, Core Power (Fujian) New Energy Automobile, has joined forces with Jiangxi Changhe Co to jointly develop a new, all-electric vehicle.

According to The Business Times Core Power and Jiangxi Changhe – itself a subsidiary of the Beijing Group – will develop a new five-door, four-seater all-electric passenger vehicle.

The partnership encompasses development of the car’s design, chassis, interior layout, platform, batteries, electric motor and electric control unit.

The report states that the agreement will not have any material impact on the group’s results for the current financial year ended Aug 31, 2018.

Miyoshi, which counts metal manufacturing capabilities among its many specialities, acquired a 15 per cent equity interest in Core Power back on Aug 24, 2016, through which it manufactures and sells in various parts of China, according to its website.

ALSO READ:

Tracy Morgan & Racing Royalty Nelson Piquet Jr. Lead Electric Vehicle Parade To Open New York Auto Show

BYD warns profit to plunge on electric car subsidy cuts, shares tumble

Kia Motors likely to bid for electric car tenders soon: report