Fengtao Technology and Sanhua Holding have officially entered into a framework cooperation agreement, pledging a joint investment of 30 million yuan to establish a new venture. This partnership will concentrate on the research, design, manufacturing, and sales of coreless motors and associated products. Sanhua Holding will hold a 50% stake in the venture, with Fengtao Technology retaining 36%. The objective of this collaboration is to leverage the strengths of both companies to broaden their presence in the global market. It is anticipated that this strategic alliance will not have a material impact on the performance of either company in the current fiscal year.
