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JAC signed agreement with Tianjin Hybrid Kinetic Investment Company to produce new energy vehicles, powertrains as well as KWH Li-ion batteries in the next eight years on August 8, 2010.
The two auto giants signed letter of intent for joint venture on August 3, and five days later they signed the agreement, and the fast decision shows their strong intention to develop new energy vehicles. Founded in 1999, JAC becomes an auto giant with more than fifty car models and 460 m2 production base. Currently there are more than 160 pure electric Ankai buses are running in Beijing, Shanghai, Dalian, Urumchi, and Hefei.
Hybrid Kinetic Investment Company specializes in producing CNG, hybrid etc energy-saving cars and trucks, and their internationally advanced new energy vehicle technology can definitely help JAC to go further on their products. And their American style management, operation and brand ideas will also benefit JAC.