Detroit Electric Signs Deal to Produce Electric Cars in China
Wuhan, China, June 19 - Detroit Electric Holdings Ltd and Donfeng Motor Company announced today that the two companies will work together to research, develop, market and sell Pure Electric Vehicles (PEVs) in China using Detroit Electric’s advanced electric drive technology.
The agreement will allow Donfeng Motors to test and validate Detroit Electric’s electric drive train technology in order to produce and market Donfeng’s PEVs. The parties are also discussing the possibility of forming a joint venture company, which would manufacture, assemble, produce and supply Detroit Electric’s technology to Donfeng and other auto manufacturers.
“This validation process is a major proof point for the technical leadership and commercial readiness of our electric motor drive technology,” said Albert Lam, Detroit Electric’s Chairman and CEO.
