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Stock impact report

Allison Transmission Makes Strategic Equity Investment in Jing-Jin Electric Technologies

Allison Transmission Holdings, Inc. (ALSN) 
Last allison transmission holdings, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.allisontransmission.com
Company Research Source: Business Wire
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, today announced that it will participate in the initial public offering (IPO) of Jing-Jin Electric (JJE), a leader in electric motor, inverter, and integrated electrified propulsion systems within the largest electric vehicle market in the world. As part of JJE’s upcoming IPO at The Science and Technology Innovation (STAR) Board on the Shanghai Stock Exchange, Allison will make a strategic investment of ¥264 million CNY (approx. $42 million USD). Along with Allison, FAW Group Corporation of Changchun, Jilin, China, will also participate as a strategic investor in JJE’s IPO, according to the IPO announcement from the Shanghai Stock Exchange.Allison’s investment in JJE follows the recently announced strategic partnership between the two companies, and an earlier debt financing commitment by Allison that will direct Show less Read more
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