IAT and Wuhu Hua'an Form JV for New-Energy Powertrains

Source: Author: Date:2025-12-18 Read:122

IAT Automobile Technology Co., Ltd. and Wuhu Hua'an Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) have officially entered into a joint venture agreement. 

The parties will co-invest to establish IAT New Energy Powertrain (Fanchang) Co., Ltd. (tentative name) in the Fanchang District of Wuhu City, Anhui Province. This strategic partnership represents a significant breakthrough for IAT in the core NEV component sector and is set to inject fresh momentum into the development of the new energy vehicle industry cluster in the Yangtze River Delta.

Under the agreement, the newly established joint venture will dedicate itself to the R&D and manufacturing of pure electric and hybrid powertrain systems, aiming to forge an industry-leading supply chain for core new energy vehicle components. This move is a pivotal step in IAT’s implementation of its "Whole Vehicle R&D + Core Components" dual-pronged strategy. 

By leveraging its technical expertise in areas such as electromagnetic Dedicated Hybrid Transmissions (DHT) and electric drive assemblies, and combining these with the industrial advantages of the Wuhu region, the company intends to build a high-end powertrain platform integrating R&D, manufacturing, and sales. The venture aims to deepen IAT’s domestic footprint and secure key accounts to consolidate local market share, while actively expanding into international markets.

Wuhu serves as a critical automotive hub in Anhui Province, hosting a comprehensive industry ecosystem led by Chery Automobile that spans vehicle manufacturing, component supply, R&D design, and testing. Characterized by strong leadership from anchor enterprises, a high localization rate of supporting industries, substantial R&D and capital investment, and efficient logistics for export, Wuhu is a vital link in the Yangtze River Delta’s NEV value chain.

Establishing the joint venture in this location will enable rapid, precise alignment with customer needs. Furthermore, it effectively complements IAT’s strategic footprint, filling existing gaps and extending its business reach across the Yangtze River Delta region.

Through this collaboration, IAT achieves a convergence of technological and capital strengths. On one hand, the company will accelerate the commercialization of its technology by contributing core IP and industrial experience. 

On the other hand, capital backing from the Wuhu Hua'an Strategic Emerging Industry Fund provides a robust guarantee for project execution, facilitating the joint venture's rapid scaling of production capacity. This innovative model, which pairs an independent automotive design firm with an industrial fund, not only optimizes the NEV industry layout in the Yangtze River Delta but also establishes a new industry paradigm of "technology capitalization + capital empowerment."

Concurrently, this cooperation will effectively elevate IAT’s standing and influence within the new energy vehicle supply chain. Through technological empowerment and industrial synergy, it will drive the high-quality development of China’s new energy vehicle sector. 

Looking ahead, the joint venture will focus on innovations in electrified and intelligent powertrain systems, delivering increasingly competitive products and solutions to automakers worldwide.

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