The Company's core products are new energy vehicle electric drive systems, including passenger vehicle electric drive systems and commercial vehicle point drive systems. “The inclusion of Allison as a strategic investor in our IPO demonstrates our confidence in the combined capabilities of the strategic partnership to accelerate global electric vehicle development and offer innovative and reliable electrified propulsion solutions to commercial vehicle manufacturers around the world.,” said Ping Yu, Chairman of Jing-Jin Electric. Jing Jin Electric Technologies Co Ltd is a China-based company mainly engaged in the research, development, production, sales and service of electric drive system. FAW Group will also participate as a strategic investor in the IPO.Īllison’s investment in JJE follows a recently announced strategic partnership between the two companies, and an earlier debt financing commitment by Allison that will directly support JJE’s North American commercial electric product development, testing and manufacturing efforts. Allison Transmission will participate in the initial public offering of electric motor, inverter and propulsion system supplier Jing-Jin Electric (JJE). It offers electric driving modules and systems. Posted Novemby Tom Spendlove & filed under Newswire, The Tech.Īllison Transmission will participate in the initial public offering of electric motor, inverter and propulsion system supplier Jing-Jin Electric (JJE), making a strategic investment of approximately $42 million. engages in the research and development, production, sale, and service of electric drive systems. It greatly supports the rapid development of the new energy vehicle market with excellent products and. Allison Transmission to invest $42 million in Jing-Jin Electric’s IPO Jing-Jin Electric North America LLC has filed 12 labor condition applications for H1B visa and 0 labor certifications for green card from fiscal year 2020. About Jing-Jin Electric (JJE) Established in 2008, JJE is an electrified propulsion leader in components, assemblies and systems for global customers in automotive and commercial vehicle. Jing-Jin Electric is the world leader in new energy vehicle motor and power system.
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