Qiantu Motor’s parent company to set up joint venture with Manaseer in Jordan

Shanghai (Gasgoo)- CH-AUTO Technology (“CH-AUTO”), the parent company of Chinese EV brand Qiantu Motor, recently signed a strategic cooperation agreement with Manaseer Group, Jordan's largest private company, to set up a joint venture in Jordan, Qiantu Motor today announced on its WeChat account.

Photo credit: Qiantu Motor

This collaboration will leverage CH-AUTO's strengths in vehicle design, technology R&D, process innovation, and production, along with Manaseer's market influence, to expand into the Middle East and North African markets. It aims to bring exciting electric vehicle options to consumers in the region.

Established in 1999, Manaseer Group is Jordan's largest private company and one of the top 100 Arab family businesses in the Middle East. Its 16 subsidiaries operate in various sectors such as construction, building materials, renewable energy, transportation, modern agriculture, and mining.

The joint venture will capitalize on the vibrant local economic environment and Manaseer's strong industrial DNA, combined with CH-AUTO's technological and production advantages, to localize Qiantu Motor's K50, K20, and K25 models for the Middle East and North African markets.

The cooperation with Manaseer has helped Qiantu Motor initially form a global presence in Southeast Asia, the Americas, the Middle East, and North Africa since it held presale event in Malaysia last year, and encompass various forms of collaboration, including sales cooperation, intellectual property licensing, and joint factory establishment, said the Chinese EV maker.