Guangdong Haomei New Materials and Lingyun Industry established a joint venture in Morocco, focusing on new energy vehicle components

Guangdong Haomei New Materials Co., Ltd. and Lingyun Industrial Co., Ltd. announced that they will set up a new joint venture in Morocco to focus on the production of new energy vehicle components. The joint venture will have a registered capital of 100 million yuan, of which Haomei New Materials will invest 49 million yuan and hold 49% of the shares, while Lingyun will invest 51 million yuan and hold 51% of the shares.