Techna-X in joint venture to develop EV technology

KUALA LUMPUR: Techna-X Bhd said a subsidiary in Hong Kong has entered into a joint venture agreement with several Croatian partners to develop technology for electric vehicle and low voltage drive system.

HK Aerospace Beidou New Energy Industry Technology Co Ltd, in which TXB has a 50% stake, will invest €1mil (RM4.94mil) for a 51% stake in the joint venture company.