- Lear Corp LEA has signed an agreement to establish a joint venture with Shinry Technologies Co Ltd, a China-based supplier of electronics for electric vehicles. The financial terms of the deal were not disclosed.
- Located in Shenzhen, China, the joint venture will integrate portfolios of advanced onboard vehicle chargers and next-generation multi-function integrated power modules from both companies to serve a range of regional and global automakers.
- The company expects completion of the approval and registration of the joint venture within the fourth quarter of 2021.
- Price Action: LEA shares traded higher by 1.11% at $173.76 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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