Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, today announced that it will participate in the initial public offering (IPO) of Jing-Jin Electric (JJE), a leader in electric motor, inverter, and integrated electrified propulsion systems within the largest electric vehicle market in the world. As part of JJE’s upcoming IPO at The Science and Technology Innovation (STAR) Board on Shanghai Stock Exchange, Allison will make a strategic investment of ¥264 million CNY (approx. $42 million USD).

JJE signed an agreement to be part of the Strategic Alliance. The collaboration partners will synergize in brand advantages, technologies and products, business model innovation, market promotion, knowledge sharing, and strategic communication. The partners will jointly develop and launch a range of new energy vehicles such as electric sanitation trucks, electric dump trucks, heavy-duty tractor trucks, and battery-electric urban light delivery trucks.

On June 16, 2021, the 37th review meeting of the Shanghai Stock Exchange Science and Technology Innovation Board Listing Committee in 2021 was held. The review concluded that Jing-Jin Electric Technologies Co. Ltd. (first issue): meets the issuance criteria, listing criteria and information disclosure requirements.