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iMotion Automotive Expands Southeast Asian Presence with New Joint Ventures

Story Highlights
  • iMotion Automotive partners with Delloyd to form joint ventures in Southeast Asia.
  • The ventures aim to boost sales and manufacturing capabilities, enhancing iMotion’s market position.
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iMotion Automotive Technology (Suzhou) Co., Ltd. Class H ( (HK:1274) ) has issued an announcement.

iMotion Automotive Technology (Suzhou) Co., Ltd. announced the establishment of two joint ventures with Delloyd Technology Berhad to enhance its business footprint in Southeast Asia. The joint ventures aim to leverage Delloyd’s established presence in Malaysia’s automotive supply chain, focusing on sales, distribution, and advanced manufacturing technologies, which are expected to drive long-term revenue growth for iMotion.

More about iMotion Automotive Technology (Suzhou) Co., Ltd. Class H

iMotion Automotive Technology (Suzhou) Co., Ltd. is a joint stock company incorporated in China, focusing on the automotive technology industry. The company, along with its subsidiaries, is involved in the design and manufacturing of automotive technology products, with a strategic focus on expanding its market presence in Southeast Asia.

Average Trading Volume: 6,034,483

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.93B

For detailed information about 1274 stock, go to TipRanks’ Stock Analysis page.

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