Archive · 20 Jul 2025
Sona Comstar Forms $20M Joint Venture with China's JNT
Sona Comstar, a company that makes parts for cars, is partnering with a Chinese company called JNT to create a new business together.
They will each put money and resources into this new company, which will make parts for cars, specifically driveline systems.
Sona Comstar will invest $12 million for the majority share.
They plan to start operating this new business in China later this year.
The goal is to tap into the growing market for electric vehicles in China.
Sona Comstar is forming a $20 million joint venture with China's JNT.
The JV will manufacture driveline systems and components for automotive OEMs.
Sona Comstar will invest $12 million for a 60% stake in the JV.
Operations are expected to begin in the second half of the current financial year.
The JV aims to expand into the rapidly growing Chinese EV market.
- Who
- Sona Comstar and Jinnaite Machinery (JNT)
- What
- Sona Comstar and JNT are forming a joint venture to manufacture and supply driveline systems and components.
- When
- Operations are expected to commence in the second half of the current financial year.
- Where
- China
- Why
- To expand into the Chinese electric vehicle (EV) market.
- Joint Venture Value
- $20 million
- Sona Comstar Investment
- $12 million
- JNT Contribution
- $8 million in assets and business
- Sona Comstar Stake
- 60%
- Purpose
- Manufacture driveline systems and components
