German AMK Holding to Invest USD12 Million to Tap NEV Motor Demand in China
Tang Shihua
DATE:  Jul 03 2018
/ SOURCE:  Yicai
German AMK Holding to Invest USD12 Million to Tap NEV Motor Demand in China German AMK Holding to Invest USD12 Million to Tap NEV Motor Demand in China

(Yicai Global) July 3 -- German motor-maker AMK Holding plans to invest USD12 million to start a unit in eastern China's Anhui province to meet the demand for new energy vehicle motors in the Asian country.

An increasing number of medium and high-end new energy vehicles are choosing AMK Holding's Airmatic air suspension system, which significantly slows down the decay process of battery modules, the Kirchheim unter Teck-based firm said in a statement.

Anhui-based auto parts manufacturer Zhongding Sealing Parts acquired AMK Holding for EUR130 million in 2016. The German motor brand's clients include Jaguar Land Rover, Volvo, Audi, Mercedes-Benz, and BMW.

Editor: Emmi Laine

Follow Yicai Global on
Keywords:   Electric Vehicle,Auto Parts,AIRMATIC System,Investment,AMK Holding,Chinese Subsidiary,Zhongding Sealing Parts,NEV