Ocean Motor: electric drive vehicles to establish new energy company
o further strengthen the Company and the Beijing Institute of Technology to promote civilian electric and hybrid vehicles in the motor drive system in the development and industrialization of cooperation. September 21th, 2010, the company invested 30 million yuan, with the Beijing Institute of Technology Asset Management Limited (to be invested 20 million yuan in technology) with a Beijing Beijing Workers Ocean Motor Co., Ltd.. The proposed joint venture company is mainly engaged in new energy drive system technology research and development, licensing, and production and sales of related products.
Ocean Motor (002,249) (002,249, the closing price 30.58 yuan) 29 announcement, the company invested 30 million yuan to be in cash, the North University of assets to technology investment company jointly invested 20 million yuan in Beijing working the ocean, the company's total registered capital of 60 new companies %. Beijing Workers engaged in ocean drive system of new energy technology research and development, licensing, and production and sales of related products.