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Johnson Electric Holdings ( (HK:0179) ) has shared an announcement.
Johnson Electric Holdings Limited announced its intention to form two joint ventures in China with a local industrial partner. These ventures aim to enhance sales, business development, and engineering capabilities, particularly in the humanoid robot hardware and system integration sectors. Both parties plan to invest approximately RMB 75 million each, although no binding agreements have been signed yet. The formation of these joint ventures could potentially strengthen Johnson Electric’s market presence in China and expand its technological capabilities.
The most recent analyst rating on (HK:0179) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on Johnson Electric Holdings stock, see the HK:0179 Stock Forecast page.
More about Johnson Electric Holdings
Johnson Electric Holdings Limited is a company incorporated in Bermuda that operates in the industrial sector. It is involved in the development and manufacturing of electric motors and related products, focusing on innovation and engineering solutions.
Average Trading Volume: 8,173,217
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$18.79B
For an in-depth examination of 0179 stock, go to TipRanks’ Overview page.