Jiangsu Huakai-PKC Wire Harness up and running

The finalisation of the joint venture was subject to usual conditions including negotiating the related agreements and authority approvals. The conditions have been fulfilled, Huakai's business has been transferred to joint venture and the joint venture has started its operations. The joint venture comprises Huakai's current business which develops and manufactures electrical distribution systems to truck, construction vehicle and bus segments in China. The key customers are Foton (and Beijing Foton Daimler Automotive), Kinglong and Iveco.