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Tianjin Borun revs up electric drive co.

Oct 14, 2011 • Toby Lewis

China-based chemical company Tianjin Borun is reportedly among the backers of Xiangyang Yuqing, a local electric drive system company.

Tianjin Borun, a China-based chemical compay has reportedly backed Xiangyang Yuqing, a local electric drive system company, in a RMB80m ($12.5m) deal.

Tianjin Borun was joined by East-Lake Venture Capital, Shenzhen Capital Group and five other organisations backing the company, according to news provider PE Daily.

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